Tether is reportedly in talks to raise $15-20 billion through a private placement, offering a 3% stake in Tether Holdings SA at a $500 billion valuation. This move comes despite Tether's claims of holding $105 billion in reserves and achieving a 99% profit margin. The fundraising effort has raised questions among skeptics, particularly given Tether's ongoing legal challenges, including a lawsuit from Celsius victims related to a margin call dispute. Additionally, Tether continues to face criticism for not providing a comprehensive audit of its reserves.