SoftBank, Ark said to be in talks for Tether's big funding round

• SoftBank Group and Ark Investment Management are considering investing between $15 billion and $20 billion for a 3% equity stake in Tether, the leading stablecoin provider.

• This funding could elevate Tether's valuation to as much as $500 billion, making it one of the largest privately held companies in the world.

• The investment from reputable firms like SoftBank and Ark is seen as a way to enhance Tether's credibility in the investment community, particularly after previous scrutiny over its financial practices.

Investment Recommendation Rating: High Potential

SoftBank Group (OTCPK:SFTBY) and Cathie Wood’s Ark Investment Management are reportedly considering an investment in a funding round aiming to secure between $15 billion and $20 billion for a 3% equity stake in the leading stablecoin provider, Tether.

With this funding, Tether, the entity behind the world’s most prominent stablecoin, USDT (USD), could achieve a valuation of up to $500 billion, positioning it among the largest privately held companies worldwide.

The participation of distinguished investors like SoftBank and Ark could significantly enhance Tether's reputation within the mainstream investment community. According to sources cited by Bloomberg News, this investment is particularly important for Tether as the company strives to establish political legitimacy following past scrutiny over its alleged involvement in illicit financing activities in the United States.