Tether CEO Rejects IPO Despite $515 Billion Valuation: IPO Circle & Its Impact on Tether

Updated

June 10, 2025

Gambar Tether CEO Rejects IPO Despite $515 Billion Valuation: IPO Circle & Its Impact on Tether

Jakarta, Pintu News – Paolo Ardoino, CEO of Tether, emphasized that there are no plans to bring the stablecoin issuer to the stock market. Despite an estimated valuation of $515 billion, Ardoino expressed his disinterest in the idea. This was in response to Artemis CEO Jon Ma’s valuation estimate, which places Tether among the largest companies in the world.

Ardoino’s Response to Tether’s Valuation

In a post on social media platform X, Paolo Ardoino responded to a forecast made by Jon Ma. According to Ma, if Tether goes public, it will become the 19th largest company in the world, surpassing big companies like Costco and Coca-Cola. Ardoino stated that the valuation figure of $515 billion is an attractive figure, but he feels it is still insufficient given the growing Bitcoin and gold assets in the company’s coffers.

Ardoino added that while the value is tempting, Tether does not see the need to become a public company. He expressed humility at the estimate and expressed excitement for Tether’s next phase of growth. The CEO emphasized that the main focus is on internal development and not on the pursuit of public company status.

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

Circle’s IPO and its Impact on Tether

Recently, Circle, the second-largest stablecoin issuer after Tether, had a very successful initial public offering (IPO). Circle shares opened on the New York Stock Exchange at $69 per share, a 122% increase from the IPO price of $31.00 per share. Within two days of trading, the share price jumped to over $123, registering a nearly 300% increase from the IPO price.

Although Circle’s IPO was well-received, Tether has maintained its stance on not following suit. Ardoino believes that the success of Circle’s IPO does not affect Tether’s strategy or plans. According to him, every company has different strategies and goals, and for Tether, becoming a public company is not a priority.

Tether’s Outlook and Strategy Going Forward

Tether, as the largest stablecoin issuer, continues to focus on product innovation and development. The company plans to expand the use of Tether in various financial transactions and services. With the increasing adoption of stablecoins in the global market, Tether sees many opportunities for growth and expansion.

In addition, Tether continues to strengthen its position in the market by enhancing operational transparency and security. These initiatives are expected to increase user confidence and strengthen Tether’s position as a market leader in the long term. With a focus on innovation and stability, Tether is ready to face the challenges and capitalize on the opportunities ahead.

Conclusion

Despite market pressure and expectations to follow in the footsteps of successful IPOs like Circle, Tether chose to remain independent. This decision demonstrates Tether’s confidence and commitment to their long-term vision in the cryptocurrency industry. With a focus on internal development and service improvements, Tether is poised for the future with a strategy that has proven effective.

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

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