Despite competitor Circle going public on the New York Stock Exchange and its stock soaring 167% in its first session, Tether CEO Paolo Ardoino has dismissed plans for a company listing. The move follows recent speculation that an IPO could value Tether at upwards of $515 billion, which Ardoino deemed ‘a beautiful number’ despite questioning the figure’s validity given their significant Bitcoin and gold reserves. While some experts like Anthony Pompliano and Jack Mallers see Tether reaching a potential valuation of $1 trillion in time, Ardoino remains unmoved and optimistic about the future growth of Tether. This contrasts with Circle’s successful IPO, which has been attributed to growing confidence in USDC’s stability as well as its public market debut.