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Kraken raises $500m pre-IPO, China’s digital yuan center, Tether funding round | Weekly Recap

Crypto News•Sunday, September 28, 2025 at 1:03:00 PM
PositiveCryptocurrency
Kraken raises $500m pre-IPO, China’s digital yuan center, Tether funding round | Weekly Recap
Kraken has successfully raised $500 million in preparation for its anticipated public offering in 2026, marking a significant milestone for the cryptocurrency exchange. This funding not only strengthens Kraken's position in the market but also reflects growing investor confidence in the crypto sector. Meanwhile, Tether is initiating a multi-billion dollar funding round, which could further bolster its operations and influence in the digital currency landscape. These developments are crucial as they indicate a robust interest in cryptocurrency investments and the potential for future growth in this evolving industry.
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