Tether plans to raise up to $20 billion through a stock issuance and will consider equity tokenization

According to Bloomberg, Tether plans to raise up to $20 billion through a stock issuance and will consider tokenizing the stock after the sale is completed.

Insiders revealed that Tether executives are considering various options, including stock buybacks, as well as storing equity on the blockchain through tokenization after the transaction is completed. At least one existing shareholder previously planned to sell shares at a price far below the company's $500 billion valuation, but Tether intervened to stop this plan, as management is concerned that existing investors' sell-off could affect future large-scale financing.