Tether CEO Paolo Ardoino scaled back the company's $20 billion funding plan, calling the target a "misconception," while maintaining a $500 billion valuation.
Update (Feb. 4, 3:20 pm UTC): This article was updated to include a statement from Tether CEO Paolo Ardoino, and the headline has been revised to reflect the changes.
Tether, issuer of USDt — the largest stablecoin by market capitalization — denied it had ever planned to raise up to $20 billion, contrary to reports that circulated last fall.
“There has been a misconception around the capital raise, amplified by unnecessary noise and speculation rather than by anything that has materially changed,” Tether CEO Paolo Ardoino told Cointelegraph on Wednesday.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments