Tether is exploring a bold new move: tokenizing its own equity. According to Bloomberg sources, the stablecoin heavyweight has been in talks with investors about raising up to $20 billion in equity financing, valuing the company at around $500 billion. What's particularly interesting here is the company's consideration of converting those shares into tokens—a meta-moment for the crypto space where a pillar of stability itself becomes tokenized. This shift would be significant not just for Tether's capitalization story, but potentially for how we think about corporate structures in Web3. Whether this materializes as planned remains to be seen, but it signals Tether's confidence in both its market position and the broader utility of tokenization as a financing mechanism.