SoftBank и Ark Investment намерены вложить $20 млрд в Tether, что может привести к рекордной оценке компании Translation: SoftBank and Ark Investment plan to invest $20 billion in Tether, potentially leading to a record company valuation.

Japanese holding SoftBank and Ark Investment, led by Cathy Wood, are currently in preliminary discussions regarding participation in a substantial funding round for Tether. This was reported by Bloomberg.

Previously, the agency disclosed that the issuer of the stablecoin USDT aims to raise between $15 billion and $20 billion in exchange for a 3% equity stake in a private placement. The valuation of Tether could reach $500 billion, positioning the company among the most valuable private enterprises globally, alongside OpenAI and SpaceX.

Cantor Fitzgerald, which was previously led by U.S. Secretary of Commerce Howard Lutnick, is serving as the investment advisor; the firm is also managing Tether’s assets.

SoftBank, which operates in telecommunications, finance, and marketing, is known for its bold investment strategies in technology. The corporation is involved in developing data centers, autonomous vehicles, and semiconductors and plans to invest $30 billion in OpenAI, with which it collaborates on the Stargate project.

Ark Investment, overseen by Cathy Wood, holds a stake in Tether’s primary competitor, Circle. The company, which issues USDC, went public on the New York Stock Exchange in June, raising $1.1 billion with a valuation of $6.9 billion.

As of the time of writing, Circle has a market capitalization of $31.8 billion. The market supply of USDC stands at $73.7 billion, while USDT dominates the sector with a market cap exceeding $174 billion.

In September, Tether launched the fully regulated “stablecoin” USAT for the U.S. market.

Cryptocurrency exchange Kraken is in talks to secure funding that would elevate the company’s valuation to $20 billion, according to sources reported by Bloomberg.

According to Fortune, in preparation for its anticipated IPO, Kraken closed a funding round of $500 million, bringing the platform’s valuation to $15 billion.

Sources told Bloomberg that the terms for the new funding have not yet been finalized, with expected contributions from a strategic investor ranging between $200 million and $300 million.

The exchange has also selected Morgan Stanley and Goldman Sachs as underwriters for the upcoming public offering.

Additionally, in September, the cryptocurrency exchange Gemini, founded by the Winklevoss twins, successfully went public on Nasdaq, raising $425 million through its IPO.