Paolo Ardoino, the CEO of Tether, stated on June 7 that Circle, the company that created the stablecoin USDC USDC $0.9995, went public on June 5.
In its first trading day on the New York Stock Exchange, Circle's shares surged 167%. Despite being a "beautiful number," $515 billion is insufficient.
Artmesis CEO Jon Ma sparked speculation about Ardoino's valuation, stating that if Tether, the company that creates the stablecoin USDT USDT $1.00, were to go public, it would be valued at $515 billion, making it the 19th largest company in the world and surpassing global behemoths like Costco and Coca-Cola.