Tether CEO Refuses IPO Talks Despite Potential $515 Billion Valuation

Paolo Ardoino, CEO of Tether, has directly addressed rumors surrounding a potential initial public offering on X (formerly Twitter). Dismissing the speculation, he emphasized that Tether has no plans to open its capital to crypto investors. While acknowledging a theoretical valuation estimated at $515 billion, Ardoino believes this figure may be conservative given Tether’s substantial gold and Bitcoin reserves.