Tether: Giant Valuation and Decision to Stay Private

Tether, the world’s leading stablecoin manager, is back in the news with a fantastic valuation estimated to reach US$515 billion.

Although this figure exceeds the valuation of large companies such as Costco and Coca-Cola, Tether CEO Paolo Ardoino emphasized that the company has no plans to go public.

Tether’s Fantastic Valuation: US$515 Billion

According to Jon Ma’s analysis from Artemis, Tether recorded a net profit of US$13 billion in 2024, with EBITDA projected to reach US$7.4 billion in 2025.

If Tether chooses to go public, its valuation could reach US$515 billion, making it one of the most valuable companies in the world, even surpassing retail and beverage giants such as Costco and Coca-Cola.

Paolo Ardoino: No IPO Plans

Tether CEO Paolo Ardoino firmly stated that the company has no intention of going public.

In a statement on social media platforms, he emphasized that Tether remains strong as a private entity, focusing on organic growth without the pressure of the stock market. This decision reflects Tether’s confidence in its long-term strategy.

Circle IPO Sparks Speculation in Stablecoin Sector

The move by Circle, Tether’s main competitor, which launched an IPO on the NYSE with a target valuation of US$8.1 billion, has sparked discussions about the possibility of Tether following suit.

However, concerns about transparency and strict regulation have made many skeptical about the potential for a Tether IPO in the near future.

Tether’s Strategy: Private Growth and Big Investments

Tether has chosen to focus on innovation and expansion as a private company. In the first quarter of 2025, Tether invested US$65 billion in US Treasury bonds, strengthening the position of the USDT stablecoin in the global financial ecosystem.

This move also shows Tether’s readiness to face potential regulation in the United States, while maintaining operational flexibility.

With an impressive valuation and a strategy focused on private growth, Tether proves that success in the stablecoin industry does not always require an IPO.

This decision allows Tether to continue to innovate while maintaining full control over the direction of its business.