Crypto firm Tether eyes $500 billion valuation in major raise: Report

Tether, a crypto firm, considers raising up to $20 billion through private placement. This could value the firm at about $500 billion. The company is evaluating a raise from key investors. Tether's USDT stablecoin has a large market capitalization. The firm plans to launch a U.S.-based stablecoin. A former White House executive joined as strategic advisor.