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Tether, the world’s biggest stablecoin issuer, is making a last-ditch effort to raise funds at a $500 billion valuation, pressing investors to commit to the deal within the next two weeks, according to people familiar with the matter.
The company, which is based in El Salvador, has been struggling to raise the funds since late last year because investors have been wary of the valuation. If too few investors agree to meet the deadline, Tether will likely postpone its fundraising effort.
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