Markets

Tether scales back $20 billion funding ambitions after investor resistance: FT

Advisers are now discussing a smaller fundraising of roughly $5 billion, as prospective backers question both the size of the deal and Tether’s lofty valuation.

Advisers are now discussing a smaller fundraising of roughly $5 billion, as prospective backers question both the size of the deal and Tether’s lofty valuation. 

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