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Tether's ex-CIO plans to sell stake amid talks of $500B valuation and expansion.

Market News
06 Jul 2026
Crypto Briefing
View Source
Neutral
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Raphael Zagury, former CIO of Tether, intends to sell his stake in the company, marking a rare liquidity event for insiders of the stablecoin giant. This comes as Tether explores raising $15-$20 billion in capital, potentially valuing the company at up to $500 billion. Despite the sale, Tether's operational control remains concentrated, and its expansion into Bitcoin mining and equity investments continues. The outcome of US stablecoin regulations and rising competition will heavily influence Tether's future valuation and market position.

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