Tether CEO Shuts Down IPO Rumors in Blunt Social Media Post

Tether's CEO just dropped a truth bomb on X—no IPO in sight. The stablecoin giant's boss bypassed corporate PR fluff and went straight to the platform where 'misinformation' thrives to set the record straight.

Another day, another crypto executive opting for Twitter theatrics over SEC filings. At least they're consistent.

In Brief

• The CEO of Tether denies any intention to go public despite the online speculations.
• A theoretical valuation praised by Ardoino, although he considers it conservative given the company’s reserves in gold and Bitcoin.
• The recent and successful IPO of Circle revives comparisons between the two stablecoin giants.
• The company claims its strategic freedom and independence by refusing the regulatory constraints of an IPO.

A Valuation Considered “Bearish” in a Context of Strategic Competition

Circle’s very successful stock market debut a few days ago has rekindled comparisons between the two heavyweights in the sector.

Responding to an estimate from Artemis CEO Jon Ma, who projected Tether at a valuation of $515 billion in the event of an IPO, Ardoino praised the figure, while putting it into perspective :

Tether’s valuation at $515 billion is a remarkable figure. Perhaps a bit pessimistic given our current (and growing) cash reserves in Bitcoin and gold, but I am very honored. I am also very enthusiastic about the next phase of our company’s growth.

This statement suggests that the bitcoin and gold assets held by Tether provide the crypto-sector company with financial strength that the market would still underestimate.

The CEO is both satisfied with the implicit recognition of this valuation and convinced that the company’s fundamentals WOULD justify a higher capitalization.

Rejection of the IPO : Continuation of an Off-Market Strategy

Furthermore, Ardoino unequivocally ruled out the possibility of an IPO : “No need to go public”.

No need to go public.

This sentence summarizes Tether’s strategic position : favoring agility and control by refusing the constraints imposed by a public listing. Unlike Circle, which chose to embrace stock market regulation, Tether claims its status as a private company to preserve its freedom of maneuver within the ecosystem.

By maintaining this relative opacity, the stablecoin company Tether avoids the transparency obligations that come with a public offering: full audits, periodic financial reports, and potential shareholder influence. This stance may appeal to proponents of a decentralized model but continues to fuel questions about governance and the exact composition of reserves.

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