Tether CEO Dismisses IPO Plans Despite Rival’s Public Debut
- Tether CEO Paolo Ardoino stated there is “no need to go public” after Circle’s NYSE debut.
- Circle shares rose 167% on their first trading session on June 5.
- If Tether went public, it could rank as the 19th largest company globally with a $515 billion valuation, according to Artmesis CEO Jon Ma.
- Ardoino suggested this valuation might be too low given Tether’s growing Bitcoin and gold treasury.
- Tether’s USDT is the third-largest cryptocurrency by market cap, valued at $154.83 billion.
Tether CEO Paolo Ardoino indicated no plans for an IPO despite speculation that Tether could be valued at $515 billion if it went public. This follows Circle’s successful NYSE debut, where its shares surged by 167% initially. Tether’s USDT remains a significant player in the cryptocurrency market with a substantial market capitalization.
Source (3.5)https://cointelegraph.com/news/tether-ceo-paolo-ardoino-no-public-plans-bearish-valuation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound&rand=50490
