![\"Tether](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDIvMDE5YzI4MGMtMjZlOC03ZWY1LTg2MDQtZWEyNWQ4YzA1YjZmLmpwZw==.jpg\")
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The $500 billion valuation would put Tether ahead of every US bank except JPMorgan Chase, surpassing Bank of America and placing it among the world\u2019s largest financial firms.<\/p>\n
Tether is pressuring investors to commit to a fundraising round at a $500 billion valuation within the next two weeks, saying that it may delay the raise if demand falls short.<\/p>\n
The El Salvador-based firm has been seeking fresh capital since late last year but has faced resistance from investors wary of the valuation, The Information reported<\/a> Friday, citing unnamed sources. If commitments fall short of expectations, the company is likely to delay the raise.<\/p>\n The $500 billion target would place Tether among the world\u2019s largest financial firms, exceeding every US bank except JPMorgan Chase. JPMorgan, the largest bank in the world, has<\/a> a market capitalization of about $794.55 billion, while the second-largest bank in the country, Bank of America, has<\/a> a market cap of $352.86 billion.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n