Tether at $515 billion? CEO says that’s ‘bearish,’ talks IPO
The post Tether at $515 billion? CEO says that’s ‘bearish,’ talks IPO appeared on BitcoinEthereumNews.com.
Tether, the world’s largest stablecoin issuer, is making quiet but significant inroads into Latin American retail markets, with Bolivian merchants now pricing goods directly in USDT. This grassroots adoption underscores the growing role of crypto in everyday commerce. Meanwhile, analysts are eyeing Tether’s booming financials—$13 billion in 2024 profits and a projected $515 billion valuation if it went public. Despite speculation from industry figures like Anthony Pompliano, Tether CEO Paolo Ardoino dismissed the need for an initial public offering, signaling confidence in the company’s private structure and expanding influence. He described it as a “quietly revolutionary shift” that shows how Tether (USDT) has been integrated into daily commerce. Ardoino shared images showing Bolivian shops displaying prices directly in USDT. In Bolivia, real prices in shops are displayed in USD₮. A quietly revolutionary shift: digital dollars are powering daily life, commerce, and economic stability. pic.twitter.com/dGP7I2ipxv — Paolo Ardoino 🤖 (@paoloardoino) June 7, 2025 Massive valuation projections spark public listing debate Financial analyst Jon Ma recently projected that Tether would rank as the 19th largest company globally with a $515 billion valuation if it went public today. This means that the company could surpass household names like Costco and Coca-Cola. Ma’s analysis points to Tether’s reported $13 billion in net profits for 2024, with $7 billion derived from Treasury securities and repos. At the same time, an additional $5 billion came from unrealized gains on Bitcoin and gold reserves. Tether valuation at 515B is a beautiful number.Maybe a bit bearish considering our current (and increasing) Bitcoin + Gold treasury, yet I’m very humbled.Also truly excited for the next phase of growth of our company. Thank you everyone❤️ https://t.co/exZc05SDwd — Paolo Ardoino 🤖 (@paoloardoino) June 7, 2025 The projection assumes USDT supply growth of $50-60 billion and an average supply of $170 billion…
Filed under: News - @ June 8, 2025 1:15 pm