#Crypto_News ๐๐๐
Tether cuts fundraising target to $5 billion amid doubts over $500 billion valuation
On February 4, according to Cailian Press, stablecoin giant Tether is facing investor skepticism over its ambitious $500 billion valuation target. In response, the company is reportedly planning to reduce its fundraising target in the next funding round to $5 billion.โญ๏ธโญ๏ธโญ๏ธ
Tether CEO Paolo Ardoino stated that the previously cited $15โ20 billion fundraising goal was a โmisunderstanding,โ adding that the company would be perfectly fine even without raising new capital.
#StrategyBTCPurchase
Tether cuts fundraising target to $5 billion amid doubts over $500 billion valuation
On February 4, according to Cailian Press, stablecoin giant Tether is facing investor skepticism over its ambitious $500 billion valuation target. In response, the company is reportedly planning to reduce its fundraising target in the next funding round to $5 billion.โญ๏ธโญ๏ธโญ๏ธ
Tether CEO Paolo Ardoino stated that the previously cited $15โ20 billion fundraising goal was a โmisunderstanding,โ adding that the company would be perfectly fine even without raising new capital.
#StrategyBTCPurchase