Tether's Market Valuation Could Surpass Major Corporations

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AI Summary

Tether's potential IPO could lead to a valuation of $515 billion, elevating it among the world's largest firms. This ambitious prospect indicates a strategic positioning that may redefine investor confidence in stablecoins amid economic uncertainties.

According to Foresight News, Tether CEO Paolo Ardoino shared on the X platform that if Tether were to go public, its market valuation would reach $515 billion. This would position Tether as the 19th largest company globally, surpassing giants like Costco and Coca-Cola. Ardoino noted that while these figures are impressive, they might be slightly pessimistic considering Tether's growing reserves in Bitcoin and gold. Despite this, Tether aims to remain humble and is enthusiastic about the company's next phase of development. The company is focused on creating a significant hedging tool amid social instability, which results in a negative equity risk premium (ERP).