Tether CEO, Paolo Ardoino, says “no need to become public”

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”, Ardodino said On June 7, just two days after Circle, which is behind the USDC of Stablecoin (USDC), between the public market 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 is behind the stablecoin usdt (USDT), had to become public, it would be classified as the 19th largest company in the world with an assessment of $ 515 billion, larger 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.

The eminent bitcoin advocates Anthony Poseliano and Jack Mallers both suggested that the company could one day reach an evaluation of $ 1 Billion.

Ardoino added that he is “really excited for the next growth phase of our business”. .

The USDT of Tether ranks like the third largest cryptocurrency by market capitalization, worth 154.83 billion dollars at the time of publication, according to in CoinmarketCap.

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, Cointelegraph reported that Tether had moved A combined bitcoin 37 229.69worth around $ 3.9 billion to contact the new Bitcoin native financial platform.

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