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SoftBank Group and Ark Investment Management are in early talks to invest in a funding round that could value stablecoin issuer Tether at as much as $500 billion, Bloomberg News reported on Friday, citing people familiar with the matter.
The two investors are among several high-profile backers in early talks to fund the world’s largest stablecoin issuer in its biggest capital raise yet, the report said.
Tether has solidified its position as a dominant player in the stablecoin market, offering cryptocurrencies pegged to traditional currencies to…
