The representation of Venezuelan bolivar and US dollar bills and cryptocurrency tethers can be seen in this illustration, taken on September 8, 2025.
Dado Ruvic | Array
According to a report from Bloomberg News, Tether, the largest stubcoin issuer, plans to raise up to $20 billion in a deal that can equal the value of Crypto Company with Openai.
The Crypto Company is aiming to raise between $15 billion and $20 billion in exchange for about 3% of its shares through private placements, the report cites two individuals familiar with the issue, the report said. The deal will include new stocks rather than existing investors selling the stock, people told news services.
The report said one person close to the issue warned that consultations were in the early stages.
However, the transaction could ultimately be valued at around $500 billion, according to the report. That means Crypto Giant’s rating is comparable to some of the world’s largest private companies, including SpaceX and Openai. Earlier this year, Openai’s funding round valued the tech company at $300 billion.
Once accused of being a criminal’s “good cryptocurrency,” Tether has been promoting plans to return to the US in recent months, taking into account President Donald Trump’s pro-crypto stance. Earlier this month, the company was appointed CEO of its US operations and launched a new token for US companies and institutions called USAT. This is regulated in the United States under the Genius Act.
Stablecoin USD Tether (USDT) has recently been pinned in the US dollar with a market capitalization of over $172 billion. Second place is Tether Rival. circle USDC Stablecoin, which is worth around $74 billion.
