Tether downplays $20 billion funding amount after investor pushback, FT reports

Feb 4 (Reuters) - Crypto group Tether Chief ​Executive Paolo ‌Ardoino has downplayed the ‌amount of money it will raise in a new ⁠funding round ‌following investor pushback over its $500-billion ‍valuation goal, the Financial Times reported on ​Wednesday.

Tether's advisers have ‌floated raising as little as $5 billion after facing investor reluctance, the report ⁠said, following talks ​of ​a $15 billion-$20 billion fundraise last year.

Reuters could ‍not ⁠immediately verify the FT report.

(Reporting by ⁠Ananya Palyekar in ‌Bengaluru; Editing by ‌Sherry Jacob-Phillips)