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Softbank and ARK in conversation for Tethers $ 20 billion merger!
Softbank and ARK Investment intend to participate in Tether's funding round of up to $ 20 billion in order to expand into AI and energy.
Softbank and ARK in conversation for Tethers $ 20 billion merger!
SoftBank Group and Ark Investment Management are showing keen interest in participating in Tether Holdings' upcoming large-scale financing round. This round is expected to raise between $15 billion and $20 billion and raise Tether's valuation to $500 billion. Talks between investors and Tether are already in full swing. The aim of this financing round is to support Tether's expansion into artificial intelligence and energy, which promises strategic growth for the company.
Tether plans to offer about 3% of the company in exchange for the planned investments. If the financing is successfully completed, Tether could rank among the most valuable private companies in the world. New to the company's leadership team is Benjamin Habbel, who has been hired as chief business officer to lead Tether's growth and finances.
New stablecoin and growth from USDT
Another important project by Tether is the upcoming introduction of USAT, a stable coin that is regulated for US customers and is to come onto the market by the end of the year. Bo Hines will act as CEO from Usat. The existing stable coin from Tether, USDT, has experienced remarkable growth since 2020. The wallet-to-wall transfers exceed $ 17.4 billion every day, which corresponds to an increase of 130 times.
Tether CEO Paolo Ardoinino emphasizes the company's vision of building a decentralized and resilient financial infrastructure. These ambitions and the support of heavyweights such as Softbank and ARK Invest could continue to lead Tether on the way of success and prepare the company for the future.