Gate News report: April 5—Tether is pushing investors to participate in a new round of funding at an estimated valuation of about $500 billion. If market demand does not meet expectations, the financing process may be delayed. It is reported that the company has been exploring a financing plan since last year, but some investors are cautious about that valuation. If the financing is successful, Tether’s scale would exceed most U.S. banks, second only to JPMorgan Chase. Previously, Tether discussed raising roughly $15 billion to $20 billion through a private placement, but those plans still have uncertainty.
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