Tether CEO Critiques Circle’s Public Offering Amidst Crypto Market Volatility

Paolo Ardoino, CEO of Tether, voiced skepticism regarding Circle’s decision to go public following the company’s $19 billion market cap and June 2025 IPO on the New York Stock Exchange (NYSE). He believes that Tether does not require a public listing and emphasizes its continued focus on maintaining private status amidst shifting crypto market dynamics. This stance contrasts with Circle’s rapid transition to a publicly traded company, further highlighting the varying strategic approaches taken by stablecoin leaders.