Tether: Between record valuations and skepticism, where is the truth?
Tether, issuer of USDT, the largest stablecoin in the world, is once again generating controversy in the world of cryptocurrencies. After announcing a funding round of 20 billion dollars, the company has reduced its ambitions to 5 billion and now defends a record valuation of 500 billion. Between bold communication and persistent doubts, where is the truth?
In brief
Tether reduces its fundraising from 20 billion dollars to 5 billion dollars, labeling the initial target as a misunderstanding.
The 500 billion dollar valuation of Tether is justified by comparisons with AI giants, but investors are skeptical.
Despite initiatives like USAt and gold accumulation, Tether must prove its worth against increased competition and cautious regulators.
Tether: a funding round revised downwards... misunderstanding or strategy?
Initially, Tether aimed to raise 20 billion dollars, an ambitious goal to bolster its reserves and credibility. However, this announcement was quickly reduced to 5 billion dollars. CEO Paolo Ardoino called the initial target a "misunderstanding," clarifying that 20 billion dollars represented a limit, not a fixed goal.
This radical change raises doubts about the company's transparency. Investors, already wary of stablecoins due to their lack of regulation, see this change as a public relations strategy to hide underlying problems. Some cryptocurrency analysts believe that Tether is trying to reassure the markets by avoiding committing excessive sums.
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