Bloomberg: Tether is seeking a $500 billions valuation and plans to complete a full audit by the end of 2026
Foresight News reports, according to Bloomberg, Tether is seeking to establish a valuation of $500 billions, which would make it one of the highest-valued private companies globally. Tether CEO Paolo Ardoino stated that the company plans to complete a full audit by the end of 2026 and is currently in communication with the Big Four accounting firms.
Tether disclosed that its profits last year exceeded $10 billions, and it currently holds approximately $122 billions in U.S. Treasury bonds, making it the 17th largest holder of U.S. Treasuries worldwide. Additionally, Tether is promoting its compliant token USAT in the U.S. market and has carried out more than 140 investments in fields such as artificial intelligence, energy, and brain-computer interfaces.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Turkish Lira: Inflation risks keep pressure on TRY – Commerzbank
Net profit dragged down by a provision of 288 millions euros for settlement, but Philips (PHG.US) Q3 core earnings indicators still beat expectations
Philips’ Q3 sales were slightly below expectations, but orders increased by 8% and the adjusted profit margin of 13% exceeded expectations. Meanwhile, Great Wall has reached a preliminary settlement with the US Department of Justice, and the company reaffirmed its full-year guidance.
Barclays raises S&P Global price target to $572
Zhipu dropped 9.1% in the past 24 hours
Crypto prices
More
