Tether, the leading issuer of the USDT stablecoin, has no intention of going public through an initial public offering (IPO), even in light of the recent successful listing of competitor Circle on the New York Stock Exchange. This position was stated by the company’s CEO Paolo Ardoino, emphasizing that Tether is demonstrating stable growth and financial resilience without an IPO.
This is reported by Finway
Company Valuation and Investment Strategy
Reflecting on the potential valuation of the company, Ardoino responded to a statement by Artemis CEO John Ma, who believes that Tether could achieve a market capitalization of $515 billion if it went public. At the same time, the head of the USDT issuer is convinced that this figure is underestimated, as the company’s corporate reserves are continually growing due to investments in Bitcoin, gold, and fintech assets.
“Tether valuation at 515B 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.”
The company’s reserves are currently being regularly replenished, and the market capitalization of USDT has already exceeded $154 billion. Tether is actively diversifying its investment portfolio, focusing on acquiring fintech assets and further accumulating digital and precious resources.
New Acquisitions and Market Position
Recently, Tether acquired a controlling stake in Twenty One Capital — a fintech company founded by Jack Mallers. Thanks to this investment, Twenty One Capital quickly entered the top three corporate holders of Bitcoin, trailing only MicroStrategy and MARA Holdings. Additionally, the company has transferred over 37,000 BTC to a specialized platform for cryptocurrency transactions.
Analysts believe that such moves demonstrate Tether’s long-term strategy to strengthen its position in the digital economy. Anthony Pompliano and Jack Mallers predict that the company’s market value could reach $1 trillion in the future. Ardoino himself emphasizes that Tether’s main focus is sustainable growth, not going public.
Furthermore, the company will continue to concentrate on developing its business in international markets, despite changes in the regulatory environment in the U.S.