Tether CEO Paolo Ardoino said that Stablecoin’s issuer does not intend to become a public, just a few days after his rival Circle made his debut on the New York Stock Exchange (NYSE).
“No need to become public,” said Ardoino on June 7, just two days after Circle, who is behind the Stablecoin USDC (USDC), entered the public market on June 5. Circle’s shares climbed 167% during its first negotiation session on the NYSE.
$ 515 billion is a “beautiful number”, but not high enough
Ardoino addressed the evaluation speculation raised by the CEO of Artmesis, Jon Ma, who said that if Tether, who was behind the stablecoin USDT (USDT), was to become a public, he would rank as the 19th largest company worldwide with an evaluation of $ 515 billion, greater than multinational giants like Costco and Coca-Cola.
While Andeno described the valuation of $ 515 billion as “beautiful number”, he said that it could be too low. “Perhaps a bit of a drop in given our current Bitcoin + treasure + gold (and croissant), but I am very humiliated,” said Ardoino.
Bitcoin defenders, Anthony Pose, and Jack Mallers, both suggested that the company could one day reach an assessment of $ 1 Billion.
Ardoino added that he is “really excited for the next growth phase of our business”. .
According to CoinmarketCap, the third largest cryptocurrency by market capitalization, estimated at $ 154.83 billion at the time of publication, is estimated at $ 154.83 billion at the time of publication.
In relation: USDT0 launches the Omnichain version of Tether Gold Stablecoin on tone
Meanwhile, on April 24, it was announced that Tether would become the majority owner of Twenty One Capital, a new Bitcoin cash company founded by Strike’s Jack Mallers.
Despite its recent launch, Twenty One has already become the third world Bitcoin holder, behind the unique strategy (formerly Microstrategy) and mining company Mara Holdings.
On June 3, Cointtelegraph reported that Tether had moved a combined bitcoin of 37,229.69, worth around $ 3.9 billion, to address the new Bitcoin native financial platform.
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