Tether abandons huge $20 billion funding ambitions as backers balk at valuation push

Tether has walked away from plans to raise up to $20 billion after top investors said no to the company’s $500 billion valuation. The crypto giant, based in El Salvador, had started talks last year to raise a massive round that could’ve put it among the most valuable private companies on earth. But the demand […] source: https://www.cryptopolitan.com/tether-abandons-huge-20b-funding-ambitions/