Tether mulls stock tokenization following $20B share sale

Tether, the issuer of the USDT stablecoin, is considering options such as stock tokenization to provide liquidity for its investors after completing a share sale of up to $20 billion, Bloomberg reported, citing sources familiar with the matter. The sources stated that Tether is pursuing a share sale based on a company valuation of $500 billion. During this process, the company reportedly blocked some existing shareholders from attempting to sell their stakes at a lower valuation. Tether also plans to prohibit existing shareholders from selling their shares in future funding rounds and is exploring measures like share buybacks or tokenization to ensure investor liquidity once the deal is complete.