Tether Blocks Investor Sales While Pitching $20 Billion Funding

Tether Holdings SA, the stablecoin issuer seeking to raise as much as $20 billion in a stock sale, is exploring ways to ensure liquidity for investors after intervening to stop some existing shareholders from offloading stakes.

Tether executives are considering options including buybacks and having the company’s shares digitally represented on a blockchain through a method known as tokenization after the deal is completed, people with knowledge of the matter said.