Despite $500 Billion Valuation Estimate, Tether Indicates No Immediate Plans for IPO
The post Despite $500 Billion Valuation Estimate, Tether Indicates No Immediate Plans for IPO appeared on BitcoinEthereumNews.com. Tether’s valuation could soar to an estimated $515 billion, positioning it as one of the largest companies globally, yet the stablecoin issuer sees no urgency to pursue an IPO. Despite the booming stablecoin market and Tether’s substantial profits, the company remains confident in its private status, contrasting with peers like Circle and Gemini who are moving toward public listings. Paolo Ardoino, Tether’s CTO, described the $515 billion valuation as a “beautiful number” and emphasized the company’s strong reserves and growth prospects, underscoring a strategic decision to stay private for now. Tether’s $515 billion valuation highlights its dominance in stablecoins, but the company opts against an IPO, favoring private growth amid rising market competition. ‘, ‘
The post Despite $500 Billion Valuation Estimate, Tether Indicates No Immediate Plans for IPO appeared on BitcoinEthereumNews.com.
Tether’s valuation could soar to an estimated $515 billion, positioning it as one of the largest companies globally, yet the stablecoin issuer sees no urgency to pursue an IPO. Despite the booming stablecoin market and Tether’s substantial profits, the company remains confident in its private status, contrasting with peers like Circle and Gemini who are moving toward public listings. Paolo Ardoino, Tether’s CTO, described the $515 billion valuation as a “beautiful number” and emphasized the company’s strong reserves and growth prospects, underscoring a strategic decision to stay private for now. Tether’s $515 billion valuation highlights its dominance in stablecoins, but the company opts against an IPO, favoring private growth amid rising market competition. ‘, ‘
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