Tether CEO responds to IPO questions… Says "Not necessary"

Recently, as the issuer of the stablecoin (a virtual asset pegged to fiat currency) USDC, Circle, achieved great success with its Initial Public Offering (IPO) on the US stock market, attention has also turned to whether Tether (USDT), which holds the largest stablecoin market share, might pursue an IPO. However, Tether has maintained a firm stance that an IPO is unnecessary.

According to CoinQ, a leading cryptocurrency media outlet, on the 9th (KST), Paolo Ardoino, CEO of Tether, recently stated in a community, "There is no need for us to go public."

Circle’s recent successful large-scale IPO in the United States naturally sparked market curiosity about the possibility of a Tether IPO, hence Ardoino’s remark. On the 6th, Circle closed at $107.7 on the New York Stock Exchange, up 29.4% from the previous day. On its listing day, it even recorded an impressive 168.48% rise.

There has also been a virtual valuation estimate for Tether. John Ma, founder of Artemis, said, "If Tether goes public, the corporate value could reach $515 billion," adding, "This surpasses the levels of Coca-Cola and Costco."

Paolo Ardoino, CEO of Tether, responded to John Ma’s valuation by calling it "a beautiful number" and said, "Considering the Bitcoin (BTC) and gold reserves we hold, it's actually a somewhat conservative estimate."