SoftBank, Ark in talks to join Tether major funding round: Report
SoftBank Group and Ark Investment Management are among potential investors in a funding round for stablecoin issuer Tether, Bloomberg News reported on Friday.
The two investors are among several high-profile backers in early talks to fund the world’s largest stablecoin issuer in its biggest search for capital, the report said, citing people familiar with the matter.
Tether is seeking between $15 billion and $20 billion for about a 3% stake through a private placement that could value the crypto giant at as much as $500 billion, Bloomberg News had reported on Tuesday.
