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Tether's $515B Valuation and Stablecoin Dominance Despite IPO Hesitation

1 min read
Source: Cointelegraph
Tether's $515B Valuation and Stablecoin Dominance Despite IPO Hesitation
Photo: Cointelegraph
TL;DR

Tether's CEO Paolo Ardoino dismisses the idea of going public, despite speculation that its $515 billion valuation could make it the 19th largest company globally, and suggests that its growing Bitcoin and gold reserves might justify an even higher valuation. The company is also expanding its Bitcoin holdings and has acquired a significant stake in Bitcoin treasury through Twenty One Capital, reflecting its strong position in the crypto market.

Topics:business#bitcoin#business#cryptocurrency#ipo#tether#valuation
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  1. Tether CEO snubs IPO, says $515B valuation is ’a bit bearish’  Cointelegraph
  2. Tether Fuels $2.5B Stablecoin Growth This Week  Bitcoin.com News
  3. "If Tether goes public, its corporate value will reach $515 billion—surpassing Coca-Cola and Costco"  bloomingbit
  4. Despite $500 Billion Potential Tether Sees "No Need" for IPO  The Crypto Times
  5. Tether Maintains Stablecoin Supremacy Amid Market Shifts  ABC Money

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