Tether’s $500 Billion IPO Speculation Sparks Market Buzz

Arthur Hayes has ignited speculation about a potential Tether IPO, suggesting the stablecoin issuer could achieve a staggering $500 billion valuation—rivaling giants like SpaceX and OpenAI. The remarks follow reports of Tether exploring a $20 billion funding round with high-profile investors.

Tether CEO Paolo Ardoino confirmed the company is evaluating strategic investments to expand across stablecoins, AI, energy, and commodity trading. The move could reshape the competitive landscape, with Hayes bluntly stating it WOULD spell trouble for Circle's recent IPO success.

Market observers note the irony: a stablecoin operator potentially eclipsing blue-chip valuations while regulatory scrutiny intensifies. The proposed valuation would immediately position Tether among the world's most valuable private companies—a remarkable ascent for a firm once mired in controversy.