โก๏ธ New: Tether's CEO denies IPO plans and describes the $515 billion valuation as "bearish"! ๐
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๐ฃ๏ธ Key Statement:
Paolo Ardoino, the CEO of Tether (issuer of the $USDT currency), confirmed that there are currently no plans for an initial public offering (IPO) of the company.
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๐ก Perspective on Valuation:
In response to a potential valuation of $515 billion, Ardoino described this figure as "a bit conservative," noting that the company's true value may be higher considering its increasing reserves of Bitcoin and gold.
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๐ Importance:
This statement comes just days after the successful listing of its competitor Circle on the New York Stock Exchange, highlighting Tether's different strategy in handling growth and value, focusing on reserve assets rather than entering public markets.
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๐ค Do you support Tether's decision not to go public, and do you think the company's value exceeds current expectations?
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