Tether has set an ambitious aim to become one of the highest valued private companies in the world in the near future. The stablecoin major has started discussions with potential investors in a bid to rope-in funding to spike up its valuation to $500 billion, Bloomberg reported on Friday citing CEO Paolo Ardoino.
Tether, that runs with a staff of around 300 staffers, reported over $10 billion in gains last year. The El Salvador-headquartered company hosted a conference in the central American country on Friday where Ardoino spoke about Tether’s plans for 2026.
Speaking to Bloomberg Ardoino said, Tether is almost like a mix between Google and Blackstone, the largest alternative asset manager in the world.
The company is increasing its investment in AI, energy, and media while also holding over $122 billion in U.S. Treasuries. As per reports, Tether has completed over 140 investments in the mentioned sectors.
Ardoino reportedly spoke about the positive impact that the stablecoin ecosystem has witnessed following U.S. President Donald Trump’s push on cementing these tokens as part of the existing financial ecosystem.
Owing to the ongoing regulatory overhaul, Tether is planning to expand its offerings in the U.S. market. In January, for instance, Tether launched its USAT stablecoin in the U.S., built in compliance with the GENIUS Act. The Anchorage Digital Bank has been roped-in to issue the token.
Ardoino is positive that the company will be able to hit its target of achieving the $500 billion valuation.
By the end of 2026, the company also aims to complete a full audit of the company to reassure investors and corporate clients.
More details on the Tether investors being considered remain undisclosed for now.