Crypto firm Tether seeks to raise $15B-$20B, Bloomberg reports

Tether Holdings, issuer of the globe’s biggest stablecoin, is in discussions with investors to raise $15B-$20B in a deal that could propel the crypto firm into the highest ranks of the world’s most valuable private companies, Bloomberg’s Ryan Weeks and Todd Gillespie report. The company is seeking the funds in exchange for a roughly 3% stake through a private placement, the authors say. The Fly notes that Tether invested $775M in Rumble (RUM) last December.