- •Tether reportedly targets a $500B valuation in new funding.
- •This would place Tether ahead of Bank of America by market cap.
- •It signals a major shift in crypto’s place in global finance.
Tether, the company behind the world’s largest stablecoin USDT, is reportedly in discussions for a new funding round that would value the firm at an eye-popping $500 billion. According to Messari, this would make Tether the fourth-largest financial services company in the world by market cap, overtaking banking giant Bank of America.
This development is more than just a number. It underscores how deeply the crypto sector, once considered niche or even fringe, is becoming embedded in global finance. If finalized, Tether’s valuation would put it just behind industry titans like JPMorgan Chase, Visa, and ICBC.
Why This Matters for Crypto and Finance
Tether’s valuation is not just about its current stablecoin dominance. It’s also a signal to traditional finance institutions that the blockchain economy is scaling rapidly — and seriously. With over $80 billion in circulating supply of USDT and growing influence in global remittances and trading, Tether has quietly become a foundational layer of the crypto economy.
A $500 B valuation signals strong investor confidence, not only in Tether’s business model but in the long-term viability of stablecoins and crypto‑backed financial infrastructure. If completed, this funding round would also give Tether more firepower to expand into new sectors such as tokenized assets, payment networks, and central bank digital currency (CBDC) services.
Regulatory Spotlight Likely to Intensify
While the potential valuation is impressive, it will likely draw increased scrutiny from regulators. Tether has faced ongoing criticism over its transparency and reserve disclosures in the past. A valuation this high would make it nearly impossible for regulators to ignore — especially as stablecoins become more intertwined with the traditional financial system.
Whether or not the funding round materializes at the reported value, the mere possibility of a $500 B Tether places the crypto ecosystem in a new light: as a serious player in global finance, not just a speculative bubble.