“The USDT Stablecoin Issuer is Reportedly Looking to Raise Up to $ 20 Billion at A Valuation of $ 500 Billion, WHICH WOULD MAKE IT ONE OF THE MOST VALUBLE PRIVATE COMPANIES IN THE WORLD.”, – WRITE: www.coindesk.com
The Report Follows This Week’s News About Tether Looking to Raise Up To $ 20 Billion in A Fundraising Round That Wound Value The Firm at AT ARUND Companies.
The Fundraising and the Hefty Valuation Underscores the Red-Hot Stablecoin Trend, A Fast-Growing Crypto Sector with a Potential to Disrupt Global Payment Flows. Stablecoins are a class of cryptocurrencies with prices tied to Fiat Money Like the US Dollar, and Could Offer A Cheaper, Faster Alternative For Cross-Border Transacts. The Sector Has Grown 40% Year-To-Date to $ 287 Billion, Rwa.xyz Data Shows, and Analysts at Global Bank Citi Project Stablecoins Will Hit $ 4 Trililion In Market VALUE VALUE.
Tether’s USDT is the Market Leader with A $ 173 Billion Market Capitalization, Predominantly Backed by US Treasuries that have been provides a Windufall of Profits from Bonds. The Company Reported $ 4.9 Billion in Profits in the Second Quarter of This Year.
Circle (CRCL), Issuer of the Second-Largest StableCoin USDC of Over $ 70 Billion, Went Public This June and Saw It Stock Price SkyroCket to $ 300 from AROUNTS To the stablecoin theme.
Tether, whohh has focused on serving Emerging Markets with Limited US Dollar Access, AnnunCed Earlier this MONTH IT INTENDED TO FORMALLY ENTER The US MARKET WITH A DUBLAR TOKEN TOKEN. Requirements of the genius act, the Nation’s First Federal Crypto Law of Whory Sett Rules for Stablecoins. IT ALSO POACHED BO HINES, FORMER DIRECTOR OF THE WHITE HOUSE CRYPTO COUNCIL ADVISING President Donald Trump on Crypto Policies, to Lead Its Division.
Read More: Stablecoin Market Could Reach $ 4 Trillion by 2030, Citi Says in Revised Forecast
The Funding Round Sets the Stage for a Long-Awaited IPO, Expectioned to Take Place Next Year.
- Kraken Reportedly Closed A $ 500 Million Funding Round, Valuing The Crypto Exchange at $ 15 Billion, with Backers Including Investment Managers, Venture Capitalists and CO-CEO ARJUN SETHI.
- The Funding Round Sets the Stage for a Long-Awaited IPO, Expectioned to Take Place Next Year.
- The Company Has Undergone Significant Transformation Under Sethi’s Leadership, Including the Acquisition of Ninjatrader for $ 1.5 Billion.
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