SoftBank, Ark in talks to join Tether major funding round, Bloomberg News reports

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

(Reuters) -SoftBank Group and Ark Investment Management are in early talks to invest in a funding round that could value stablecoin issuer Tether Holdings at as much as $500 billion, Bloomberg News reported on Friday citing people familiar with the matter.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Krishna Chandra Eluri)