Tether is reportedly looking to raise up to $20B. Can they hit $500B valuation?

Tether is looking to raise between $15 billion and $20 billion for about a 3% stake in the company through a private placement, according to a report from Bloomberg. The raise would bring its valuation to around $500 billion, putting it in the same league as OpenAI and SpaceX. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.