Tether advances $20 billion financing plan, exploring new paths for buybacks and tokenization

【ChainNews】Stablecoin leader Tether is preparing for a significant financing round—potentially up to $20 billion. According to industry rumors, Tether’s management’s core consideration is not just the fundraising itself, but how to optimize asset liquidity in tandem with expanding capital through more flexible methods.

Buyback mechanisms and tokenization of equity have become two key avenues Tether is exploring. The former can directly enhance the company’s capital structure flexibility, while the latter involves representing equity on the blockchain, potentially opening up new possibilities for subsequent liquidity arrangements.

However, Tether’s management has a clear stance on this round of financing: existing shareholders who plan to transfer their shares at a discount are unlikely to be included in this round. The underlying logic is straightforward—any discounted transfer would lower the company’s valuation, which is clearly not what Tether wants to see.

Notably, Tether has already made substantial progress on the Hadron asset on-chain platform. The platform aims to represent traditional assets such as stocks and bonds in a blockchain-native form. This innovative approach could become an important pillar of Tether’s future asset strategy.