CEO Paolo Ardoino stated that if Tether were to go public, the company could reach a $515 billion valuation, making it the 19th largest company in the world—surpassing Costco and Coca-Cola. He emphasized that this figure might still be “conservative” considering Tether’s rapidly growing Bitcoin and gold reserves. Nevertheless, the company remains humble and is highly excited about the next phase of growth.

However, Tether’s competitor Circle, the issuer of USDC, recently went public and is currently valued at $21 billion.