Tether rules out IPO despite growing influence and valuation estimates
Tether’s value could exceed $515 billion
Tether CEO Paolo Ardoino has ruled out taking the company public, even as competitor Circle recently became a publicly traded company on the New York Stock Exchange (NYSE).
Circle, the issuer of the stablecoin USD Coin (USDC), saw its shares surge by 167% on June 5 during its debut trading session. In contrast, Ardoino emphasized that Tether has no need to go public, reaffirming confidence in the company’s current development trajectory.
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Tether’s valuation and market growth
This statement came amid growing discussions about Tether’s estimated valuation, according to Cointelegraph. Jon Ma, CEO of Artmesis, suggested that if Tether were to go public, it could be valued at $515 billion—making it the 19th largest company in the world, ahead of giants like Costco and Coca-Cola.
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Ardoino called the figure “a beautiful number,” but added it might actually be too low, considering Tether’s increasing reserves in Bitcoin and gold.
“It might be a bit bearish,” he commented.
Tether’s market presence continues to grow. Its flagship product, the USDT stablecoin, remains the world’s third-largest cryptocurrency by market capitalization, standing at around $155 billion according to CoinMarketCap.
Steady growth and future ambitions
Crypto advocates, including Anthony Pompliano and Jack Mallers, have gone further, suggesting that Tether could reach a $1 trillion valuation due to its leadership in the stablecoin sector and growing influence in global finance.
Industry expert Gabor Gurbacs highlighted the rapid expansion of Tether’s user base, which has surpassed 433 million users. In the first quarter of 2025 alone, 39 million new users joined the platform.
Despite opting out of an IPO, Tether continues to move forward confidently. Ardoino stated he is “truly excited” about the next phase of the company’s growth. The ongoing adoption of Tether underscores the increasing role of stablecoins in streamlining global payments and offering accessible financial solutions.
