On June 8, Tether CEO Paolo Ardoino commented on the prediction that Tether's market capital could reach $515 billion if listed on the stock exchange. This figure would help Tether surpass giants like Costco and Coca-Cola, rising to become the 19th largest global enterprise. This is an impressive milestone, reflecting Tether's position in the cryptocurrency ecosystem.
Mr. Paolo assessed that $515 billion is a beautiful number, however, considering the increasingly growing reserves of Bitcoin and gold that Tether holds, the above prediction seems somewhat pessimistic. Nevertheless, he expressed pride in Tether being highly valued in the digital financial market, while also showing optimism about future development prospects.
Regarding the IPO issue, Tether's CEO emphasized that it is currently unnecessary for the company to go public. He is focusing on the next development stage of Tether, optimizing asset reserves and expanding the role of this stablecoin as an important liquidation center in the cryptocurrency field. The balance between Bitcoin and gold in the reserves reflects Tether's asset hedging strategy against market volatility.
In summary, Tether maintains a solid position in the cryptocurrency space and expects to expand further thanks to its asset reserve potential and sustainable development strategy. The company is not rushing into an IPO but focusing on increasing its influence and preserving global transaction value.
