Tether CEO Paolo Ardoino said the Stablecoin Issuer had no intention of going public, just days after the rival circle that made the New York Stock Exchange (NYSE) debut.
“No need to go public,” Ardoino Says On June 7, just two days after the circle, which is behind the Stablecoin USDC (USDC), come in the public market On June 5. Circle sharing climbed 167% in the first NYSE trading session.
$ 515 billion is a “good number,” but not high enough
Ardoino discusses the speculation of appreciation that Artmesis CEO Jon Ma, claimed to be Tether, who was behind Stablecoin USDT (USDT), is to go public, it rank as the 19th largest company in the world with an appreciation of $ 515 billion, larger than giant multinational giant such as Costco and Coca-Cola.
While Ardoino called the $ 515 billion appreciation of a “good number,” he said it might really be low. “Maybe a little bearish considering our current (and rise) of Bitcoin + Gold Treasury, yet I humbled myself,” Ardoino said.
Bitcoin’s prominent advocates Anthony Pompliano and Jack Malers Both suggested That the company can one day reach a $ 1 trillion appreciation.
Ardoino added that he is “very excited for the next stage of growth of our company.” .
Tether’s USDT rank as the third-largest cryptocurrency by market capitalization, worth $ 154.83 billion at the time of publication, According to In coinmarketcap.
Related: USDT0 launched the Tether Gold Stablecoin’s Omnicin version of Tons
Meanwhile, on April 24, it was announced that Tether would be owned by the owner of twenty -one capital, a new Bitcoin treasury company established by the Jack Malers of Strike.
Despite its recent launch, twenty-one has become the third largest Bitcoin corporate holder, just behind the approach (former microstrategy) and mining Mara Holdings.
On June 3, Cointelegraph reported that Tether had moved A joint 37,229.69 bitcoinIt costs about $ 3.9 billion, to addresses linked to the new Bitcoin-native financial platform.
Magazine: Baby Boomers worth $ 79t finally riding with Bitcoin
