Tech-focused investors such as SoftBank Group and ARK Invest are in talks to invest in Tether, the largest stablecoin issuer, in a major funding round. Tether, founded in 2014, is known for its stablecoin USDT, which is pegged 1:1 to the U.S. dollar. With a market cap of $173.5 billion, USDT is the world’s largest stablecoin. The funding round aims to raise between $15 billion and $20 billion for a 3% stake, valuing the company at up to $500 billion. Cathie Wood’s ARK Invest is also a notable investor in the crypto sector, with stakes in companies like Circle Internet Group and Coinbase.

Read more at Yahoo Finance: Cathie Wood’s ARK and SoftBank eye stablecoin giant Tether