Tether CEO: If Listed, Market Cap May Surpass Coca-Cola's, But No Need at Present

BlockBeats News, June 8th, Paolo Ardoino, CEO of Tether, the issuer of the stablecoin USDT, retweeted an analysis stating that "If Tether were to go public, it would reach a market value of $515 billion." He mentioned that this is a beautiful number. According to this analysis, Tether would become the world's 19th largest company, surpassing Costco and Coca-Cola. While the number is impressive, Tether hopes to remain humble but is also very excited about the company's next stage of development. The current business model is quite solid, and there is no immediate need for an IPO.

BlockBeats Note: According to Tether's official financial report for the first quarter of 2025, Tether achieved a $5.2 billion profit in the first half of 2024, and the total profit for the first three quarters of 2024 reached $7.7 billion, demonstrating considerable profitability. Bloomberg previously reported that Tether has a staff of only about 200 people.