Tether is reportedly in early discussions to raise $15–$20 billion in equity, potentially valuing the company at up to $500 billion. The funding round involves selling a 3% stake through new shares, with potential investors including SoftBank Group and Ark Investment Management. Cantor Fitzgerald is advising on the process. The issuer of the USDT stablecoin, Tether has diversified into cloud services, telecom, and real estate. Last year, the company generated $13.4 billion in profit, primarily from interest on its U.S. Treasury reserves. The funding talks have attracted regulatory attention due to past scrutiny over Tether's reserves and business practices.