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Tether, the issuer of the world’s largest stablecoin, is trading on secondary markets in a range of $350 billion to $375 billion, according to industry sources. Though this is below the $500 billion maximum target the company was seeking for its fundraise first reported by Bloomberg in September, the amount is still large enough to catapult its top executives into the top ranks among world billionaires. Tether did not respond to Forbes’ request for comment by press time. SoftBank and Ark Invest have previously been mentioned as potential participants in Tether’s fundraise, but a source familiar with the matter told…
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