Tether Faces Investor Pushback, Adjusts Funding Plans
Advisers are now discussing a smaller fundraising of roughly $5 billion, as prospective backers question both the size of the deal and Tether's lofty valuation.
Tether has encountered resistance from investors as it scales back its funding ambitions from $20 billion to a potential $5 billion, reports the Financial Times. The decision comes as prospective backers express concerns over the hefty deal size and Tether's valuation.
The shift in fundraising strategy indicates a necessary adjustment for Tether to align with investor sentiments. The stablecoin issuer is navigating a delicate balance between attracting investment and addressing skepticism surrounding its valuation.
Despite the scaled-back plans, Tether remains optimistic about securing the necessary funds to propel its operations forward. Observers are closely monitoring how the revised fundraising approach will impact Tether's market position and investor confidence.