Tether CEO Paolo Ardoino has publicly denied any intentions for the company to go public, directly addressing speculation about a possible IPO. Speaking on X, formerly Twitter, Ardoino stated that Tether has no plans to open its capital to investors, despite a suggested valuation of 515 billion dollars.
The valuation was floated by Artemis CEO Jon Ma, who praised Tether’s strong financial position. Ardoino responded by acknowledging the estimate but said it may even be conservative. He highlighted Tether’s growing reserves in Bitcoin and gold as a source of long-term financial strength, reinforcing the company’s solid foundation in the crypto sector.
Recent market buzz comparing Tether with Circle intensified after Circle’s successful stock market debut. The two stablecoin giants are often placed side by side when it comes to influence and size in the digital finance space. However, Tether is taking a very different approach by deliberately choosing to remain private.
Ardoino emphasized that Tether values its strategic freedom and flexibility more than the exposure and regulation that come with being a public company. He firmly stated, “No need to go public,” reinforcing that the company’s decision is rooted in maintaining autonomy and avoiding the regulatory obligations of an IPO.
By staying off-market, Tether avoids the transparency requirements of public companies, including regular audits, financial disclosures, and shareholder pressure. This strategy might appeal to some supporters of decentralization, but it also keeps alive ongoing concerns about the clarity of Tether’s financial practices and the structure of its reserves.
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