Tether CEO Paolo Ardoino says no need to go public
WikiBit 2025-06-08 15:27
Tether CEO Paolo Ardoino says the stablecoin issuer has no intention of going public, just days after rival Circle made its debut on the New York Stock
Ardoino added he is “truly excited for the next phase of growth of our company.” .
Tethers USDT ranks as the third-largest cryptocurrency by market capitalization, valued at $154.83 billion at the time of publication, according to CoinMarketCap.
Meanwhile, on April 24, it was announced that Tether would become the majority owner of Twenty One Capital, a new Bitcoin treasury company founded by Strikes Jack Mallers.
Despite its recent launch, Twenty One has already become the worlds third-largest corporate holder of Bitcoin, behind only Strategy (formerly MicroStrategy) and mining firm MARA Holdings.
On June 3, Cointelegraph reported that Tether moved a combined 37,229.69 Bitcoin, worth about $3.9 billion, to addresses linked to the new Bitcoin-native financial platform.
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