Tether Delays $20 Billion Share Sale Amid Audit Awaiting

Tether has postponed its plans to raise up to $20 billion as it awaits the completion of its first comprehensive financial audit. According to NS3.AI, the share sale aimed to secure between $15 billion and $20 billion, valuing the company at $500 billion. However, the process has encountered several delays since it began late last year. On Tuesday, Tether announced that it has chosen an undisclosed Big Four accounting firm to conduct the audit but did not provide a timeline for its completion.