Tether Reduces Fundraising Target Amid Investor Concerns

Tether has revised its fundraising target from $150-200 billion to $50 billion, according to a report by the Financial Times. According to BlockBeats, this adjustment comes as investors question the company's $500 billion valuation goal. Tether CEO Paolo Ardoino clarified in an interview that the $150-200 billion figure was a misunderstanding, representing the maximum amount they were willing to sell, not a target. He emphasized that the company is profitable and content without selling equity. Ardoino compared Tether to artificial intelligence companies, stating, "AI companies generate the same amount of profit as us, just with a negative sign in front." Last year, Tether's profits were approximately $10 billion, primarily from asset returns, but profits are expected to decrease by about 25% in 2025. Previously, in September 2025, Tether sought to raise up to $20 billion at a $500 billion valuation.