Stablecoin giant Tether plans to raise $20 billion and explore tokenization of equity.

Stablecoin giant Tether is exploring the tokenization of its equity after completing a round of fundraising totaling up to $20 billion and targeting a valuation of around $500 billion. According to reports, the company currently has no plans to allow existing shareholders to sell their shares in this main financing round, which means these investors may need alternative ways to access liquidity before the eventual IPO. Tether has not yet provided a timetable for listing.