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If market demand falls short of expectations, Tether may delay a $500 billion valuation funding round.
Mars Finance news: Tether is pushing investors to take part in a new round of fundraising at an estimated valuation of about $500 billion. If market demand does not meet expectations, the company may delay the fundraising process. The report says the company has been exploring a financing plan since last year, but some investors are cautious about the valuation. If the valuation is achieved, Tether’s scale would exceed most U.S. banks, ranking second only to JPMorgan Chase. Previously, the company discussed raising about $15 billion to $20 billion through a private placement, but those plans still remain uncertain.