Tether, the issuer of the world’s biggest stablecoin USDT, is moving ahead with a major funding plan. The company is targeting a massive $500 billion valuation and has reportedly given investors just 14 days to commit funds or walk away forever.
Industry leaders believe that the outcome of this deal would make Tether’s worth more than most of the banking giants.
Tether’s $500 Billion Valuation Deal
According to reports, Tether is making a final push to raise funds at a $500 billion valuation. The company has asked investors to confirm commitments within two weeks or walk away forever.
The two-week deadline is no longer a negotiation. It is a now-or-never ultimatum. If enough investors join, the deal will move forward.
If not, Tether may delay the fundraising again.
At a $500 billion valuation, Tether would be worth more than most major U.S. banks, including JPMorgan, Goldman Sachs, Bank of America, and even Wells Fargo. The move also shows Tether is positioning itself as more than just a USDT issuer, reflecting its business goal.
Deal Almost Died Once, Now It Won’t Happen Again
This is not Tether’s first attempt to close the deal. The funding round nearly fell apart last year. Early talks suggested raising $15 billion to $20 billion, but the company later said those figures were only possible maximum scenarios, not fixed targets.
By February 2026, advisers reportedly lowered the target to around $5 billion amid concerns over transparency and the $500 billion valuation.
However, CEO Paolo Ardoino pushed back, saying investor interest remained strong and the company was not rushing the deal.
Tether Signs Big Four Firm to Complete First Full Audit
To support its $500 billion valuation, Tether is already showing clear steps. Last month, the company signed a Big Four accounting firm to complete its first full audit.
The company said it could become one of the largest audits in financial history, aimed at improving transparency and investor trust.
At the same time, competition is rising as PayPal, Circle, and traditional financial firms expand their stablecoin plans.
Tether Still Leads Stablecoin Market
Currently, Tether’s stablecoin Tether USDt has a market capitalization of over $184 billion, making it the largest stablecoin in the world, compared to USDC’s $32.1 billion and DAI’s $5.3 billion.
However, the proposed $500 billion valuation is much higher than its current size. Industry experts say this reflects future growth and Tether’s expansion beyond stablecoins.
The next two weeks could be crucial for the company.
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