Tether CEO Rejects IPO, Criticizes $515B Valuation as Conservative
- Tether CEO Paolo Ardoino stated that the company has no plans to go public, contrasting with Circle’s recent NYSE debut.
- Ardoino addressed valuation speculation, suggesting that a $515 billion valuation for Tether might be too low.
- Prominent Bitcoin advocates believe Tether could potentially reach a $1 trillion valuation.
- Tether’s USDT is the third-largest cryptocurrency by market cap, valued at $154.83 billion.
- Tether recently became the majority owner of Twenty One Capital, a major Bitcoin treasury firm.
Tether CEO Paolo Ardoino dismissed the idea of an IPO and expressed skepticism about a $515 billion valuation being sufficient for the company. Despite this, Tether continues to expand its influence in the cryptocurrency market with significant holdings and strategic acquisitions.
Source (3.5)https://cointelegraph.com/news/tether-ceo-paolo-ardoino-no-public-plans-bearish-valuation?utm_source=rss_feed&utm_medium=rss_tag_bitcoin&utm_campaign=rss_partner_inbound&rand=50490
