Shortly after, he declared that "Tether has no plans to go public." He also refuted the valuation of Tether, which was estimated at $515 billion, calling it a "slightly pessimistic figure," and said that the company's bitcoin and gold
On the 7th (local time), Arduino said, "There is no need to go public," and added, "It has only been two days since Circle went public, but we have no reason to believe that.
"I don't see any reason for this," he said. On the 5th of last month, Circle, a USDC issuer, began trading on the NYSE, and its stock price soared 167% on the first day.
Meanwhile, Artmesis CEO Jon Ma estimated that Tether's valuation could reach around $515 billion if it were to go public.
He argued that this figure would put the company at 19th place in global market capitalization, surpassing Costco and Coca-Cola. In response, Ardoino said, "$515 billion is a really beautiful number."
However, he noted that "given our current Bitcoin and gold holdings and their increasing trends, this may be a somewhat conservative estimate."
"I'm incredibly excited about Tether's next phase of growth," he added.
Pompliano and Jack Mallers predict that Tether's enterprise value could reach $1 trillion in the long term.
Currently, Tether’s stablecoin USDT has a market capitalization of $154.8 billion, making it the third largest cryptocurrency in the world after Bitcoin and Ethereum.
2025/06/09 14:55 KST
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