🔥 Tether is preparing to sell shares to tokenize stocks
🖤Tether is conducting a capital raise by selling shares on a large scale (~$20B with a valuation of ~$500B)
🖤 During this process, the company has blocked some shareholders from reselling at low prices (valuation area ~$280B) to avoid affecting the valuation
After the deal is completed:
🖤 Tokenizing stocks to create liquidity on the blockchain
🖤 Buyback if needed to support investors withdrawing capital
Tether wants to use tokenization as a secondary market for its own shares
Tether's sale of shares is encroaching into RWA then ae 🫣
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