Tether CEO Paolo Ardoino says Tether's target of raising $15B to $20B was a “misconception”; sources say Tether's advisers have floated raising as little as $5B
CEO Paolo Ardoino downplays the scale of $185bn stablecoin group's capital raise — Tether's chief executive …
Financial Times Jill R Shah
Related Coverage
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Discussion
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@staffordphilip
Philip Stafford
on bluesky
Hard to justify $500bn when Q4 profits are $30mn, despite having $122bn in Treasuries. — Fortunately the rise in gold *just about* offset the fall in bitcoin to declare a Q4 ‘profit’, which is more like a mark-to-market valuation. — www.ft.com/content/3f7f...