Stablecoin issuer Tether is exploring potential equity tokenization following a planned share sale aiming to raise up to $20 billion at a targeted valuation of approximately $500 billion.
The company currently does not intend to allow existing shareholders to sell stakes during this primary funding round, meaning these investors may need alternative liquidity solutions before any eventual IPO. Tether has not disclosed a specific timeline for going public.
Equity tokenization would enable investors to hold digital representations of their ownership stakes, potentially providing liquidity alternatives in the absence of near-term IPO prospects. The stablecoin giant's executives are reportedly evaluating additional mechanisms to facilitate investor exits post-fundraising, including traditional share buybacks.
Tether's USDT remains the world's largest stablecoin with a circulating supply of approximately $186 billion. The company projects annual profits around $15 billion.
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