Tether CEO Remains Private Despite Valued at $515 Billion

Tether’s CEO Paolo Ardoino has dismissed the notion of a public listing for the company, despite valuations reaching an estimated $515 billion. This figure, according to Artemis CEO Jon Ma, would place Tether ahead of giants like Costco and Coca-Cola on the global stage. Ardoino acknowledges that Tether’s Bitcoin and gold holdings are increasing, contributing to this remarkable valuation. Despite his confidence, he insists that going public is unnecessary for now. His reasoning lies in Tether’s strong financial position and ample capital without requiring the influx of funding an IPO would provide.