Paolo Ardoino, general director of Tether, claims that the issuer Stablecoin does not intend to make public, just a few days after the rival debuted on the Fresh York Stock Exchange (NYSE).

“You don’t have to make public”, Ardoino he said On June 7, only two days after Circle, which stands behind Stablecoin USDC (USDC), entered the public market on June 5. Circle shares increased by 167% during the first commercial session at Nyse.

$ 515 billion is a “beautiful number”, but not high enough

Ardoino dealt with speculation about the valuation raised by the general director of Artmesis Jon Ma, who claimed that if the imprisonment, which stands behind Stablecoin USDT (USDT), would make public, it would be 19. As for the size of the world, a company around the world with a valuation of $ 515 billion, greater than multinational gigant, such as Costco and Coca-Cola.

While Ardoino called a quote of $ 515 billion “a beautiful number”, he said it could be too low. “Maybe some bears, taking into account our current (and growing) Bitcoin + Treasury Gold, but I’m very humiliated,” said Ardoino.

The outstanding Bitcoin is in favor of Anthony Pomplianiano and Jack Mallers Both suggested that the company can one day achieve a valuation of $ 1 trillion.

Ardoino added that “he is really excited about the next stage of our company’s development.” .

Tether in USDT is the third largest cryptocurrency according to market capitalization worth $ 154.83 billion at the time of publication, According to to Coinmarketcap.

Related: USDT0 launches the omnichain version of Tether Gold Stablecoin on Ton

Meanwhile, on April 24, it was announced that Tether would become the majority owner of Twenty One Capital, a up-to-date Bitcoin tax company founded by Strike Jacek Mallers.

Despite the last premiere, Twenty One has already become the third corporate owner of Bitcoin, for the only strategy (formerly Microstrategy) and Mara Holdings.

On June 3, Cointelegraph announced that Tether had transferred a total of 37,229.69 Bitcoins worth about $ 3.9 billion in order to address the up-to-date Bitcoin-Native Financial financial platform.

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