Paolo Ardoino, CEO of Tether, has dispelled rumors about the company going public anytime soon following Circle’s successful debut on the New York Stock Exchange (NYSE). Ardoino addressed speculation surrounding Tether’s valuation after a post regarding the company’s worth emerged. This follows Circle’s strong performance on its first day as a publicly traded entity, with shares surging by 167% during its initial trading session. 167%, before closing at $82 at the end of the day. Ardoino also responded to comments made by Artemis CEO Jon Ma about Tether’s potential valuation if it were to go public. Ma claimed that if Tether went public, it would be ranked as the 19th largest company globally. He provided a comparison of companies based on current valuations. This prompted Ardoino to express his views on the company’s valuation, noting that while $515 billion was an impressive figure, he felt it might not accurately reflect Tether’s potential for growth. Ardoino emphasized his excitement for the company’s future progress and expressed optimism about reaching a value of $1 trillion in the near future. 2 prominent figures in the cryptocurrency community, Anthony Pompliano and Jack Mallers, also voiced their support for Ardoino’s stance. The company has made notable investments in the crypto market, including becoming the majority owner of Twenty One Capital, a new Bitcoin treasury firm. Twenty One Capital recently became one of the leading Bitcoin holders, exceeding even giants like Costco and Coca-Cola. Tether, backed by the USDT stablecoin, currently holds the third-largest market share in the cryptocurrency market with a valuation of $154.83 billion. The company has also actively invested in the crypto landscape. A notable development was their acquisition of 37,229 Bitcoin worth around $3.9 billion into the Bitcoin native financial platform. Tether is currently in a strong position with plans for a potential public listing via a Special Purpose Acquisition Company (SPAC) merger, facilitated by Cantor Fitzgerald’s Cantor Equity Partners, valuing Twenty One Capital at $3.6 billion.