TLDR
- Tether has reached a projected valuation of $515 billion based on strong financial performance.
- Paolo Ardoino has confirmed that Tether has no plans to launch an initial public offering.
- The company continues to report consistent profits and maintains large reserves in Bitcoin and gold.
- Circle recently went public with an $8.1 billion valuation, which increased speculation about Tether’s IPO plans.
- Tether prefers to remain private to maintain full control over its operations and growth strategy.
Tether continues to remain private despite recent valuation estimates reaching $515 billion. The company’s leadership has dismissed any interest in pursuing a public offering. This comes amid growing interest in stablecoin firms entering traditional financial markets.
Although attention increased following Circle’s NYSE debut, Tether reinforced its position of independence. The company has emphasized its profitability and large asset reserves. It remains focused on strengthening its core operations instead of seeking external funding.
Analysts projected the high valuation using Tether’s 2024 net profit of $13 billion and 2025 EBITDA forecast of $7.4 billion. Despite these figures, the company shows no intention of changing its structure. Tether continues to operate privately and has strong confidence in its financial model.
No need to go public.
— Paolo Ardoino 🤖 (@paoloardoino) June 7, 2025
Tether Stays Private as Circle Lists
Circle began trading under the symbol $CRCL after selling 34 million shares at $31 each. That public offering gave Circle a valuation of $8.1 billion on the NYSE. As a result, comparisons between Circle and Tether gained traction across financial circles.
Tether’s valuation places it ahead of major global corporations by market capitalization. However, the company has rejected Circle’s path. It signaled no requirement for external capital despite strong earnings growth.
Market analysts consider Circle’s listing to be a milestone for the stablecoin industry. Still, Tether prioritizes internal growth and financial autonomy. This contrast highlights different strategies among the sector’s top players.
Tether Strengthens Reserves in Bitcoin and Gold
Tether maintains large holdings in Bitcoin and gold, which enhance its financial standing. These reserves support its stability, even if some models exclude them in valuation analysis. The firm continues accumulating these assets while reporting consistent quarterly profits.
It claims reserves that exceed liabilities and includes diverse instruments to support USDT. Bitcoin and gold now form a significant share of its portfolio. Tether’s approach focuses on tangible reserves rather than market speculation.
