Tether Has No Plans to Go Public - CEO

Tether CEO Paolo Ardoino has said the company has no plans to hold an IPO or go public, despite the recent listing of its rival USDC stablecoin issuer Circle on the New York Stock Exchange (NYSE).

According to him, the current business development is proceeding successfully, and there is no need to raise capital through a public offering of shares. He voiced this decision in response to the assumption of Artmesis CEO John Ma, who previously suggested that if Tether enters the stock market, its capitalization could amount to $515 billion, which would potentially allow it to enter the top 20 largest companies in the world.

Ardoino called this estimate understated, pointing out that the company's reserves continue to grow, including significant reserves of bitcoin and gold, which provide stability and financial strength to Tether. At the moment, the market capitalization of the USDT stablecoin itself exceeds $ 154 billion, which makes it one of the most liquid assets in the crypto economy. At the same time, the head emphasized that Tether does not stand still and continues to expand its investment portfolio, including through assets related to the first cryptocurrency. In addition, it became known that Tether has strengthened its influence in the fintech sphere by acquiring a controlling stake in the new digital platform Twenty One Capital. This allowed the company to gain a foothold as a key player in the global digital financial infrastructure and strengthen its position outside the traditional stablecoin space.

Thus, Tether demonstrates a long-term development strategy, relying not only on the stability of its core product, but also on asset diversification related to blockchain technologies and real values, such as gold and Bitcoin.

Earlier, we wrote that the Gemini crypto exchange filed a confidential S-1 form with the US Securities and Exchange Commission (SEC) to conduct an initial public offering of shares.