Tether Weighs Tokenizing Stock After It Completes Share Sale

Tether Holdings SA, the stablecoin issuer seeking to raise up to $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.

The deliberations come after Tether stepped in to stave off plans by at least one existing shareholder to offload stock at a steep discount to the $500 billion valuation ...