Crypto firm Tether eyes $500 billion valuation in major raise round, Bloomberg News reports

(Reuters) -Crypto giant Tether is in talks to raise as much as $20 billion in a private placement that could value the El Salvador-based firm at about $500 billion, Bloomberg News reported on Tuesday.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Mohammed Safi Shamsi)