Key Takeaways:
- Tether CEO Paolo Ardoino dismissed IPO speculation, asserting there’s “no need to go public” despite Circle’s recent market debut.
- Ardoino called a $515B valuation estimate “bearish,” citing Tether’s rising Bitcoin and gold reserves.
- Tether acquired a majority stake in Twenty One Capital, now the third-largest corporate Bitcoin holder globally.
Tether CEO Paolo Ardoino has dismissed speculation that the company plans to go public, stating there’s “no need” for an IPO.
His comments came shortly after rival stablecoin issuer Circle debuted on the New York Stock Exchange, with its shares surging 167% on day one.
Tether valuation at 515B is a beautiful number.
— Paolo Ardoino 🤖 (@paoloardoino) June 7, 2025
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.
Thank you everyone❤️ https://t.co/exZc05SDwd
Ardoino responded to a speculative $515 billion valuation estimate by Artmesis CEO Jon Ma, saying the figure may be “a bit bearish” given Tether’s growing reserves in Bitcoin and gold.
While he welcomed the estimate as a “beautiful number”, industry figures like Anthony Pompliano and Jack Mallers believe Tether could one day reach a $1 trillion valuation.
Currently, Tether’s USDT is the third-largest cryptocurrency, with a market cap of around $154.83 billion.
In addition to managing its massive stablecoin, Tether recently acquired a majority stake in Twenty One Capital, a Bitcoin treasury firm founded by Jack Mallers, making it the third-largest corporate Bitcoin holder globally.
Tether also transferred $3.9 billion worth of Bitcoin to wallets linked to a new Bitcoin-native financial platform, signaling its expanding investment in digital assets.
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