Tether CEO Dismisses IPO Plans Despite $515B Valuation Speculation


$USDT issuer Tether has no intention of going public, CEO Paolo Ardoino confirmed on June 7.


The statement came just two days after rival Circle's $USDC debut on the NYSE, where shares climbed 167%.


Artmesis CEO Jon Ma speculated Tether could achieve a $515 billion valuation, ranking as the 19th largest company globally.


Ardoino called the figure "a beautiful number" but suggested it might be "a bit bearish" given Tether's growing $BTC and gold treasury.


Bitcoin advocates Anthony Pompliano and Jack Mallers projected the company could reach a $1 trillion valuation.


$USDT currently ranks as the third-largest cryptocurrency with a $154.83 billion market cap.


Tether recently became the majority owner of Twenty One Capital, making it the world's third-largest corporate $BTC holder.


The company moved 37,229.69 $BTC worth #3.9 billion to addresses linked to the new Bitcoin-native platform on June 3.


  x.com/paoloardoino/status/1931...

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June 09, 2025 at 12:22 AM
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