Tether CEO Paolo Ardoino says 'no need to go public'
Tether CEO Paolo Ardoino stated that the company has no plans to go public, contrasting with rival Circle's recent NYSE debut. Ardoino addressed valuation claims from Artmesis CEO Jon Ma, who suggested Tether could be valued at $515 billion if public, ranking it as the 19th largest company globally. Ardoino described this valuation as a "beautiful number" but potentially too low, hinting at a possible $1 trillion valuation in the future. 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 Bitcoin treasury company, which is now the third-largest corporate holder of Bitcoin. Tether also transferred 37,229.69 Bitcoin, worth approximately $3.9 billion, to new financial platform addresses.
