Tether Scales Back $20B Funding Push After Investor Resistance: Report
Tether has reportedly reduced its $20 billion funding initiative due to pushback from investors. The company aimed to raise funds to bolster its reserves and expand its operations, but faced skepticism regarding its financial practices and transparency. As a result, Tether is now reassessing its funding strategy and exploring alternative options. The decision reflects broader challenges in the cryptocurrency market, where investor confidence has been shaken.
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