Tether CEO Shuts Down IPO Rumors: "No Need to Go Public"

Tether's Stance Amid Circle's Successful IPO

In the electrifying world of crypto, the spotlight's on Tether as they slam the door shut on IPO rumors! While rival Circle rides high on its own public listing wave, Tether's CEO Paolo Ardoino isn't biting. He's made it crystal clear: Tether's not chasing that IPO life.

Ardoino dropped the bombshell on X, squashing any whispers about Tether eyeing an IPO. He's steering a different course for the world's top stablecoin issuer, USDT.

"No need to go public," Ardoino declared with swagger. He even weighed in on a community member's wild $515 billion valuation fantasy for a Tether IPO, based on their jaw-dropping 2024 profits and 2025 projections.

The breakdown was epic: $13 billion in 2024 profits and a whopping $7.4 billion in 2025 EBITDA. That's the stuff that puts Tether in the ring with the world's top dogs, outshining legends like 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❤️

Ardoino couldn't help but praise the valuation as "beautiful," hinting it might even be lowballing Tether's true worth with their skyrocketing Bitcoin and gold stashes. Growth is the name of the game, and Ardoino's not looking back at Circle's IPO.

Meanwhile, Circle's setting the stock market on fire since hitting the NYSE. Launched at $31 a share, it rocketed to open at $69 on June 5, 2025, peaking at an insane $103.75 before cooling off to close at $83.23.

The crypto world's buzzing with excitement over Circle's triumph, calling it a game-changer for stablecoins and the entire crypto scene. OKX exchange's U.S. CEO, Roshan Robert, hailed Circle's move, saying it "demonstrates that crypto firms can operate transparently and compliantly in U.S. markets."