The leader of stablecoins, holding hundreds of billions of dollars, suddenly hit the pause button on the financing plan. This matter is not that simple!
I just saw the news, Tether originally planned to raise $20 billion, but now it has suddenly been put on hold. To put it simply, they are waiting for the first comprehensive financial audit results to come out before proceeding. People in the industry all know that this time, investors and banks have been urging, saying "you need to show us the books before we feel secure".
To be honest, this is actually a good signal. Tether has been criticized for many years for its lack of transparency, and this time they are actively waiting for the audit results before refinancing, which indicates that they are starting to take this matter seriously. Just think about it, with a platform handling hundreds of billions every day, who would dare to put their money in? Now they are willing to lay their cards on the table, which is a good thing for the entire industry. $20 billion is not a small amount; once the audit report comes out, if there are no issues, it is expected to trigger another wave of major actions.
The cake of stablecoins is too big, everyone is eyeing it. Tether stopping at this moment to clean up its facade instead seems more reliable.