Paolo Ardoino, CEO of Tether, has denied recent rumors of an Initial Public Offering (IPO), stating the $51 billion valuation circulating in the market is ‘slightly conservative’ and that there are currently no plans for a public debut. 1 Ardoino’s comments were made on June 7, 2025, via his Twitter account, dismissing speculation surrounding a potential IPO amidst ongoing market volatility. The CEO’s denial follows a surge in USDT trading volume and subsequent fluctuations in BTC and ETH prices. The market has reacted quickly to Ardoino’s statements, with experts attributing price movements to his cryptic comments, highlighting the continued dependence on Tether’s stability.