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Tether has cut its planned fundraising from $20 billion to about $5 billion due to investor skepticism over its high valuation and regulatory risks. The company, which issues the USDT stablecoin, remains profitable but faces ongoing questions about its reserves and transparency.
OpenAI is in preliminary discussions to raise tens of billions in funding, aiming for a valuation of $750 billion. The details of these talks may change, and OpenAI has not provided comments on the report.
Airwallex secured $330 million in funding, bringing its valuation to $8 billion. This marks a 30% increase from its last funding round six months ago. Key investors include T. Rowe Price and Robinhood Ventures.
Chime is set to launch its initial public offering (IPO) on Thursday, targeting an impressive valuation of $11 billion. The fintech company aims to leverage its strong user base and financial technology solutions to attract investors in the competitive IPO market.
Tether is in discussions to raise between $15 billion and $20 billion in a private placement, potentially valuing the company at approximately $500 billion. The valuation will depend on the percentage of equity offered, with the company's CEO indicating the involvement of select high-profile investors.