Tether, Private Equity Round
Raising $15 billion at a $500 billion post-money valuation — a substantial step up from $12 Billion equity investment in November 2024. At ~33.3x estimated 2025 profit, the round is benchmarked in line with payments-infrastructure comparable 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.
