Tether CEO Rejects IPO—$515B Valuation “A Bit Bearish”

Tether CEO Rejects IPO—$515B Valuation “A Bit Bearish”

Tether CEO Paolo Ardoino has firmly ruled out the possibility of an initial public offering, opting instead to emphasize the company's growing strategic reserves in Bitcoin and gold. His comments come just days after competitor Circle entered public markets via the New York Stock Exchange, where its shares soared by 167% on the first day of trading. Despite recent speculation that a Tether IPO could command a $515 billion valuation—placing it...

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