Tether CEO Paolo Ardoino Dismisses Public Listing, Comments on Valuation
The post Tether CEO Paolo Ardoino Dismisses Public Listing, Comments on Valuation appeared on BitcoinEthereumNews.com. Tether’s CEO, Paolo Ardoino, said the company does not intend to go for a public listing. Right after Circle, the issuer of USDC stablecoin, listed on the NYSE on June 5, 2025, its share price saw a 167% increase in the first trading session. A $515B+ Valuation Speculation If it goes public, Jon Ma (Artemis CEO) suggested that Tether might have a valuation of $515 billion and outrank large companies such as Costco and Coca-Cola on a global scale. However, Ardoino said the $515 billion was a large estimate, but insisted it could still be understated because Tether keeps adding to its Bitcoin and gold stocks. Top players in the industry, especially Anthony Pompliano and Jack Mallers, believe that Tether could one day reach a valuation of $1 trillion due to its strong market standing. How The Company’s Finances and Growth Look Over Time Jon Ma thinks that the financial results of Tether back the high worth of the company. In 2024, Tether declared a net profit of $13 billion, and $7 billion of that was from Treasuries and repurchase agreements, while $5 billion came from unrealized profits in Bitcoin and gold (which were not included in EBITDA). According to Ma’s estimates, Tether’s USDT supply could rise by $50–60 billion in 2025, and there would be an average of $170 billion in circulation. On the assumption that the Federal Funds Rate is 4.2%, Tether’s EBITDA for 2025 is expected to be $7.4 billion. Hence, multiplying Twitter’s 2022 EBITDA by 69.3x gives a valuation of $515 billion, though Ma feels that such a high multiple could prove difficult to attain. Ardoino indicated he was excited about Tether’s future. USDT, the token from Tether, is the third-largest cryptocurrency in the world, with a market capitalization of $154.83 billion as of June…
The post Tether CEO Paolo Ardoino Dismisses Public Listing, Comments on Valuation appeared on BitcoinEthereumNews.com.
Tether’s CEO, Paolo Ardoino, said the company does not intend to go for a public listing. Right after Circle, the issuer of USDC stablecoin, listed on the NYSE on June 5, 2025, its share price saw a 167% increase in the first trading session. A $515B+ Valuation Speculation If it goes public, Jon Ma (Artemis CEO) suggested that Tether might have a valuation of $515 billion and outrank large companies such as Costco and Coca-Cola on a global scale. However, Ardoino said the $515 billion was a large estimate, but insisted it could still be understated because Tether keeps adding to its Bitcoin and gold stocks. Top players in the industry, especially Anthony Pompliano and Jack Mallers, believe that Tether could one day reach a valuation of $1 trillion due to its strong market standing. How The Company’s Finances and Growth Look Over Time Jon Ma thinks that the financial results of Tether back the high worth of the company. In 2024, Tether declared a net profit of $13 billion, and $7 billion of that was from Treasuries and repurchase agreements, while $5 billion came from unrealized profits in Bitcoin and gold (which were not included in EBITDA). According to Ma’s estimates, Tether’s USDT supply could rise by $50–60 billion in 2025, and there would be an average of $170 billion in circulation. On the assumption that the Federal Funds Rate is 4.2%, Tether’s EBITDA for 2025 is expected to be $7.4 billion. Hence, multiplying Twitter’s 2022 EBITDA by 69.3x gives a valuation of $515 billion, though Ma feels that such a high multiple could prove difficult to attain. Ardoino indicated he was excited about Tether’s future. USDT, the token from Tether, is the third-largest cryptocurrency in the world, with a market capitalization of $154.83 billion as of June…
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