Tether Hits 500 Million Users, Eyes $20B Fundraise to Rival OpenAI and SpaceX

Tether hits 500M users and plans a $20B raise, boosting its dominance among top global tech firms.

Fridah Kangai
October 22, 2025
3:00 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Tether celebrates 500 million users, marking a major financial milestone.
The stablecoin giant eyes a $20B raise to rival tech leaders.
USAT launch aims to expand Tether’s reach in the U.S. market.

Tether, the issuer of the USDT stablecoin, has reached 500 million users worldwide. According to CEO Paolo Ardoino, this achievement marks a historic moment for global financial inclusion.

Ardoino shared the update on X, celebrating the milestone as one of the biggest achievements in financial access. He observed that the growth of Tether represents a significant shift in the way humans socialize with money across borders.

Tether USDT reached officially 500 million users!
Likely the biggest financial inclusion achievement in history. https://t.co/jbmnMDwidi
— Paolo Ardoino 🤖 (@paoloardoino) October 21, 2025

Also Read: China Orders Ant Group and JD.com to Pause Stablecoin Plans in Hong Kong

USDT’s total supply has climbed to nearly 182 billion dollars, according to data from CoinMarketCap. In the meantime, the USDC of Circle is circulating approximately $ 75 billion, which increases the distance between the two giants in the stablecoin market.

Ardoino termed programmable money as the final social network, which connects individuals in the direct peer-to-peer exchange of value. His remarks emphasize the vision of Tether, which is to transform financial connectivity by the use of digital assets.

$ 20 Billion Funding Strategy to Compel the U.S. Market

Recently, Bloomberg reported that Tether is attempting to attract up to $ 20 billion in investor funds. This deal would be worth approximately $ 500 billion for the firm, which is comparable to the value of OpenAI and SpaceX.

Tether is reportedly being advised on its potential fundraising plan by Cantor Fitzgerald, which is purported to be one of the company’s shareholders. The relocation will value Tether as one of the most worthwhile private companies worldwide.

Moreover, before the end of the year, Tether is about to roll out a new stablecoin called USAT. The U.S. dollar will support the new coin and will target American users in accordance with the latest crypto laws in the country.

Tether’s rapid expansion, soaring valuation plans, and upcoming product launches show its determination to dominate the digital finance space. The company’s presence as a force in the global stablecoin industry is reinforced by its success.

Also Read: Ripple Backs Evernorth in $1 Billion Plan to Boost Institutional XRP Adoption