Tether CEO Paolo Ardoino has put an end to speculation about the company going public, stating that Tether has no plans for an initial public offering (IPO). This comes just days after rival Circle, the issuer of USDC stablecoin, made its debut on the New York Stock Exchange (NYSE) with a successful first trading day.

*Key Points:*

- *No IPO Plans*: Ardoino emphasized that Tether doesn't need to go public, citing the company's strong financials and independence.

- *$515 Billion Valuation*: Ardoino described the estimated valuation as "a bit bearish," considering Tether's growing Bitcoin and gold reserves. Some prominent figures, like Bitcoin advocate Anthony Pompliano, believe Tether could reach a $1 trillion valuation.

- *Tether's Growth*: Ardoino expressed excitement for the company's next phase of growth, highlighting its increasing reserves and investments in Bitcoin and gold.

- *Market Impact*: Tether's decision may stabilize USDT demand and trading volumes, while the CEO's confidence in a higher valuation signals bullish sentiment for Tether's market dominance.¹ ²

With Tether's USDT ranking as the third-largest cryptocurrency by market capitalization, valued at $154.83 billion, the company's moves are closely watched by the crypto market.