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Crypto wrap: Tether fundraises and EU CBDC is delayed

Montage of crypto coins
Montage: GRIP

Also in the news are OFAC Iran sanctions and a sanctions fine against ShapeShift.

Tether is reportedly aiming to raise between $15 billion and $20 billion in a private funding round. The resulting inflow would put its total valuation at $500bn, on a par with OpenAI, CNBC has reported.

Tether CEO Paolo Ardoino confirmed the deal on X, saying a “group of high-profile key investors” would