Tether’s Grand Funding Adventure Takes a Sudden U-Turn!

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In the grand theater of finance, where the stakes are as high as a kite in a tempest, Tether has chosen to pull back its ambitious fundraising plans. The whispers of investors, like a chorus of discontented crows, echoed through the hallowed halls of the Financial Times. They raised eyebrows-oh, those delicate arches-over a rumored valuation of $500 billion, a figure that could make even the most stoic banker chuckle nervously.

Once, Tether dreamed of summoning $15 to $20 billion from the ether, but now, with the swiftness of a falcon diving for its prey, advisers are whispering sweet nothings of a more modest sum-around $5 billion. CEO Paolo Ardoino, with the aplomb of a seasoned conductor, reassured us that the higher figure was merely an optimistic daydream, a maximum amount they were willing to raise, not a binding contract etched in stone.

Ah, the irony! This company, which raked in a tidy $10 billion last year from the reserves of USDT, is now perfectly content to sit on its throne of riches, unfazed by the prospect of new funds. One might say they are as comfortable as a cat basking in the sun, indifferent to the world’s hustle and bustle. Perhaps, after all, there’s wisdom in knowing when to hold your cards close and when to drop them like a hot potato.

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2026-02-04 09:26