Is Tether $USDT Too Big To Fail? $500B Valuation Analysis

Tether is chasing a $500 billion valuation, a leap that would make it one of the most valuable private companies on Earth—bigger than SpaceX and nearly on par with JPMorgan. With $157 billion USDT in circulation and 350 million users, Tether already dominates stablecoins, but this $15–20 billion raise is about more than crypto. It’s expanding into AI, green energy, and telecom, echoing moves like Nvidia’s $100 billion bet on OpenAI. At the same time, the US and UK just launched a joint digital assets task force, signaling that governments are moving quickly to set the rules for this new financial era. In today’s livestream, we’ll unpack how these forces collide: Tether’s profits, Nvidia’s AI power grab, and regulatory shifts that could change crypto’s global standing.

But not everyone’s celebrating. Banks see stablecoins threatening trillions in deposits and payment fees, while regulators worry about “bank-run” style risks if too many users cash out at once. We’ll explore the bullish case—Tether becoming the JPMorgan of crypto and fueling Bitcoin and DeFi adoption—and the bearish case, where overreach sparks contagion across finance. Plus, we’ll break down how the US-UK alliance could shape the future of stablecoins, whether Circle’s USDC can compete, and why Nvidia and Tether’s parallel expansions may redefine both money and technology in the next decade.