Tether CEO Paolo Ardoino says he’s not interested in taking the stablecoin issuer public on the stock market, regardless of valuation. 

In a post on the social media platform X, Ardoino responds to Artemis CEO Jon Ma, who estimates that Tether as a company is valued at around $515 billion. 

According to Ma, Tether would be the 19th-largest company in the world if it went public today, making it bigger than Costco and Coca-Cola.

Says Ardoino,

“Tether valuation at $515 billion is a beautiful number. Maybe a bit bearish considering our current (and increasing) Bitcoin + Gold treasury, yet I’m very humbled. Also truly excited for the next phase of growth of our company.”

But the CEO says that Tether has “no need to go public” – even in the wake of the overwhelming success of the initial public offering (IPO) of Circle, the second-largest stablecoin issuer. 

Last week, the firm behind USDC launched as a publicly-traded company, debuting on the New York Stock Exchange with an opening price of $69 per share, up by 122% from the IPO price of $31.00 per share. CRCL continued to rally to above $123, nearly a 300% gain from the IPO price in just two trading days. 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Tether CEO Paolo Ardoino Says No Need To Go Public Despite Possible $515,000,000,000 Valuation appeared first on The Daily Hodl.

Tether CEO Paolo Ardoino says he’s not interested in taking the stablecoin issuer public on the stock market, regardless of valuation. 

In a post on the social media platform X, Ardoino responds to Artemis CEO Jon Ma, who estimates that Tether as a company is valued at around $515 billion. 

According to Ma, Tether would be the 19th-largest company in the world if it went public today, making it bigger than Costco and Coca-Cola.

Says Ardoino,

“Tether valuation at $515 billion is a beautiful number. Maybe a bit bearish considering our current (and increasing) Bitcoin + Gold treasury, yet I’m very humbled. Also truly excited for the next phase of growth of our company.”

But the CEO says that Tether has “no need to go public” – even in the wake of the overwhelming success of the initial public offering (IPO) of Circle, the second-largest stablecoin issuer. 

Last week, the firm behind USDC launched as a publicly-traded company, debuting on the New York Stock Exchange with an opening price of $69 per share, up by 122% from the IPO price of $31.00 per share. CRCL continued to rally to above $123, nearly a 300% gain from the IPO price in just two trading days. 

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

The post Tether CEO Paolo Ardoino Says No Need To Go Public Despite Possible $515,000,000,000 Valuation appeared first on The Daily Hodl.