Stablecoin issuer Tether has temporarily shelved its fundraising plan that originally aimed to raise up to 20 billion dollars.

WuSaidBlockchainW · 2026-03-25T02:25:59+00:00

Tether's planned fundraising of up to $20 billion has been temporarily shelved pending the results of a financial audit to increase transparency. The company has hired one of the Big Four to conduct the audit, but has not disclosed details yet.

WuSaidBlockchainW

2026-03-25 02:25:59

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According to Bloomberg, stablecoin issuer Tether’s plan to raise up to $20 billion has been temporarily put on hold. The company is waiting for the results of its first comprehensive financial audit before deciding whether to resume fundraising. Sources familiar with the matter said that during the fundraising process, potential investors and banks have been demanding greater financial transparency from Tether. The company has hired one of the “Big Four” accounting firms (usually Deloitte, PricewaterhouseCoopers, Ernst & Young, or KPMG) to conduct the audit, but has not disclosed the specific firm or timeline. Previously, it was reported that Tether launched a fundraising effort last year, aiming to raise $15 billion to $20 billion, with a valuation of around $500 billion. If successful, it would become one of the world’s most highly valued private companies.

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