The public list of USDC -Emittent Circle has asked questions about whether Tether could pursue its own IPO. In response, the latter made clear his attitude.
According to recent comments from CEO Paolo Ardoinino, Tether, the issue of the world’s largest Stablecoin USDT, there is no intention to become public. Ardoino shared the position of the company in a conversation about X and responded to questions about whether plans for an IPO might be in the making.
“It is not necessary to become public,” Ardoinino said. He also commented on the evaluation of a community member of what a potential tether IPO could look like, whereby a valuation of $ 515 billion would estimate based on the reported profit of the company.
The post has broken down figures, including the 13 billion profit from the company before 2024, about $ 7.4 billion in expected income from 2025 before interest, taxes, depreciation and amortization (EBITDA), a common metric used to assess the operational profitability of a company, among other things. This qualifies with the top 20 most valuable companies in the world, for giants such as Coca-Cola and Costco.
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.Thank you everyone❤️ https://t.co/exZc05SDwd
— Paolo Ardoino 🤖 (@paoloardoino) June 7, 2025
Ardoino praised the evaluation as ‘beautiful’, and hinted that it can even underestimate the actual value of Tether, given his increasing bitcoin and golden property. He added that growth remains the priority for the company, which doubles its reaction that the company is not intended to follow in the footsteps of its rival.
In the meantime, Circle has seen great success with his IPO since the launch on the New York Stock Exchange (NYSE). The share, priced at $ 31 per share opened at $ 69 on 5 June 2025, which rose to an intraday high of $ 103.75, before it was closed to $ 83.23 after losing part of his profit.
Industrial players have celebrated the victory of the issue as an important milestone for Stablecoins and the wider crypto -activa class. According to the American CEO of the OKX Exchange Roshan Robert in a statement shared with crypto.news, Circle’s IPO “shows that crypto companies can operate transparent and compliant in American markets.”
