Tether makes a last-ditch effort to raise funds at a USD 500bln valuation and and is pressing investors to commit to the deal within the next two weeks, according to people familiar with the matter cited by The Information

Tether's push to secure funding at a USD 500 billion valuation signals their urgency to bolster liquidity, especially amid ongoing regulatory scrutiny. If successful, this could have significant implications for market confidence in stablecoins and their broader use in crypto and forex trading. Investors will be watching closely for any reactions from regulators or competitors, as well as the potential knock-on effects across currencies and commodities.