The backing from these technology investment giants could accelerate Tether’s mainstream adoption efforts and enhance its legitimacy across traditional finance sectors.
Tokyo-based SoftBank maintains a portfolio of technology investments spanning data centers, autonomous vehicles, and semiconductors.
The funding discussions represent Tether’s most substantial effort to attract institutional capital since its founding. If successful, it could establish new benchmarks for crypto company valuations and attract additional traditional finance participants to the stablecoin sector.
