Why Tether’s CEO Prefers to Stay Private: A $515 Billion Mystery! 🤔💰

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In a world where valuations soar like a kite in a storm, Tether’s CEO, Paolo Ardoino, stands firm, declaring his disinterest in taking the stablecoin issuer public. Who needs the stock market when you have a valuation that could make even the most stoic of accountants weep with joy? 💸

Responding to the estimations of Artemis CEO Jon Ma, who boldly claims Tether is worth around $515 billion, Ardoino seems unfazed. After all, if Tether were to go public today, it would be the 19th-largest company in the world—larger than Costco and Coca-Cola combined! 🍔🥤

With a hint of sarcasm, Ardoino muses,

“Ah, $515 billion—a beautiful number indeed! Perhaps a tad bearish, considering our ever-growing Bitcoin and Gold treasury. But hey, who am I to complain? I’m just a humble CEO, excited for our next growth phase!” 😏

Yet, despite the glittering allure of public offerings, Ardoino insists that Tether has “no need to go public.” This declaration comes in the wake of Circle’s IPO, which has been nothing short of a financial rollercoaster. 🎢

Last week, the firm behind USDC made its grand entrance on the New York Stock Exchange, opening at a price of $69 per share—up 122% from its IPO price of $31.00. And just like that, CRCL soared to over $123, nearly a 300% gain in just two trading days! Talk about a wild ride! 🚀

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2025-06-09 17:48