Tether IPO Speculation: Fact or Fiction Amid $500 Billion Valuation?

Updated

June 10, 2025

Gambar Tether IPO Speculation: Fact or Fiction Amid $500 Billion Valuation?

Jakarta, Pintu News – The stablecoin market has recently been abuzz with rumors of a potential IPO (Initial Public Offering) of Tether, the company behind the popular stablecoin Tether . Despite the company’s fantastic value, Tether’s CEO, Paolo Ardoino, has dismissed all speculation. Here’s an in-depth look at this developing situation.

Paolo Ardoino dismisses IPO rumors

Recent market analysis shows that Tether has a valuation of around $515 billion, which places it as the 19th largest company in the world. According to Jon Ma of Artemis, this puts Tether above large companies like Costco and Coca-Cola. Based on Tether’s projected net profit of $13 billion in 2024 and estimated EBITDA of $7.4 billion in 2025, this valuation seems reasonable.

Nonetheless, in a strongly worded statement, Ardoino stated that Tether has no plans to list on an exchange. “There is no need for an IPO,” he said, indicating confidence in the company’s current structure and direction as a private entity. This confirms Tether’s position to continue developing according to its internal conditions and strategy.

Also Read: Ripple (XRP) Shakes Dollar’s Dominance in Global Markets, Will XRP Price Rise in the Near Future?

Circle’s Wall Street Debut and Its Impact

Discussions about stablecoin valuations gained momentum after Circle, Tether’s closest competitor, conducted its much-anticipated IPO. By launching 34 million shares at $31 per share, Circle achieved a market valuation of $8.1 billion. This is the first time a stablecoin issuing company has been listed on the NYSE (New York Stock Exchange).

The model Jon Ma used to calculate Tether’s valuation is based on the same approach used for Circle, which is to use an EBITDA multiple of 69.3 times Tether’s projected EBITDA in 2025. This assumes an increasing supply of Tether (USDT) and a steady Fed interest rate of around 4.2%.

Tether’s Future Outlook and Strategy

Tether (USDT) remains the most traded crypto asset by volume. With a diversified portfolio that includes assets such as US government bonds, gold, and Bitcoin , Tether demonstrates its strength and stability in the market. This shows that the company is not only focused on developing its products, but also on strengthening its financial structure.

Despite the stablecoin market experiencing increased scrutiny and public market exposure, Tether seems determined to develop in an independent manner. The decision to remain private may give Tether greater flexibility in managing its operations and investment strategy without pressure from public shareholders.

Conclusion

With all the speculation going around, Tether seems to be sticking to its position of not doing an IPO. This decision will likely affect the dynamics of the stablecoin market as a whole, especially in the face of intensifying competition and possible regulatory changes. However, Tether has proven its resilience and ability to adapt to market challenges.

Also Read: Big Companies Investing in Bitcoin, a Sign of Long-Term Adoption?

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