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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Tether, the issuer of the widely used USDT stablecoin, has been valued at approximately $515 billion according to recent market analyses, which would rank it as the 19th largest company worldwide by market capitalization. This valuation stems from Tether’s projected net profits of $13 billion this year, reflecting the immense scale and influence of stablecoins within the broader cryptocurrency ecosystem. Despite this impressive financial outlook, Tether has publicly stated it sees “no need” to pursue an initial public offering (IPO), diverging from the path taken by competitors such as Circle and Gemini.
Circle, the issuer of the USDC stablecoin, recently went public with a valuation near $30 billion and forecasts EBITDA growth reaching $410 billion by 2025. Gemini, a prominent crypto exchange, has also announced plans to enter public markets. These moves reflect a growing trend of crypto firms leveraging public capital markets to fuel expansion and increase transparency. However, Tether’s CTO, Paolo Ardoino, has indicated that Tether’s robust reserves—including Bitcoin and gold holdings—provide a strong financial foundation that reduces the immediate need for public funding. This strategic choice highlights a fundamental difference in corporate governance and growth strategy within the stablecoin sector.
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Source: https://en.coinotag.com/despite-500-billion-valuation-estimate-tether-indicates-no-immediate-plans-for-ipo/