Key Notes

Tether aims to provide structured exit pathways for investors while preventing discounted secondary sales.

The planned raise follows Tether’s move to block at least one shareholder from selling shares at a valuation of about $280 billion, well below the firm’s target.

Tether’s move of tokenized equity aligns with broader industry trends, as firms like Galaxy Digital, Kraken, and Robinhood adopt tokenized share models.

USDT stablecoin issuer Tether is looking to raise a massive $20 billion through a stock sale, at a valuation of $500 billion.

The firm is exploring different post-raise options such as corporate buybacks, as well as tokenizing its equity on a blockchain.

Sources familiar with the matter said that Tether is exploring different exit options for its shareholders.

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