Minimum Commitment: $2,000 | Deadline is Monday, June 15th
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Issuer of the world's largest stablecoin and the dominant dollar settlement layer across global crypto markets
Private Equity Round | Backed by Cantor Fitzgerald
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The global stablecoin market has crossed $300 billion in circulating supply and is on a credible path to $1.9–2.2 trillion by 2030 — a category expanding well beyond crypto trading into cross-border payments, emerging-market dollarization, and the settlement layer for tokenized real-world assets. Regulatory tailwinds are accelerating institutional entry: the U.S. GENIUS Act has established a federal framework for payment stablecoins, and the broader tokenized-asset market is projected to reach $10.9 trillion by 2030, with stablecoins serving as the natural settlement rail.
Tether is the infrastructure behind that market. Its USD₮ stablecoin holds approximately 61% of total stablecoin market cap and ~75% of centralized-exchange trading volume in stablecoin pairs, deployed across 18 blockchains through a single, reserve-backed issuance model. The business monetizes the spread between yield earned on ~$181 billion in reserves — primarily short-dated U.S. Treasuries — and the zero cost of funds, since USD₮ holders receive no interest. That structure produced ~$13.7 billion in net profit in 2024 and an estimated ~$15 billion in 2025, at net margins above 95%. Unlike competitors that pay for distribution through revenue-sharing arrangements, USD₮'s adoption is driven by liquidity network effects, resulting in near-zero distribution costs.
Tether is raising $15 billion at a $500 billion post-money valuation — a substantial step up from Cantor Fitzgerald's November 2024 equity investment, which was made at a $12 billion valuation. At ~33.3x estimated 2025 profit, the round is benchmarked in line with payments-infrastructure comparables such as Visa and Mastercard, which trade at approximately 30x earnings. Three Middle Eastern sovereign funds are co-leading with approximately $1 billion each; investment banks advising the round have reportedly committed $2–4 billion each, bringing total commitments to roughly $9 billion to date. Vector3 Syndicate has secured access to this opportunity with a $4,000 minimum commitment.
Co-founder and Chairman Giancarlo Devasini built Tether from inception into a ~$15 billion annual profit business without external venture capital. CEO Paolo Ardoino, formerly CTO of both Tether and Bitfinex, leads the company's global expansion. Cantor Fitzgerald — custodian for a substantial portion of Tether's Treasury reserves — advises on the round and has publicly validated reserve composition.
Access our Syndication Deal Room below to learn more. The deadline for committing to this opportunity is Monday, June 15th at 5 pm CST.
