Tether at $515 billion? CEO says that’s ‘bearish,’ talks IPO

TETHER, the largest stablecoin transmitter in the world, has silent but important breakthroughs in the Latin American retail markets, Bolivian merchants now evaluating goods directly in the USDT.

This basic adoption highlights the growing role of crypto in daily trade. Meanwhile, analysts are considering the booming finances of Tether – $ 13 billion in 2024 profits and a planned evaluation of $ 515 billion if it had become public.

Despite the speculation of industry personalities such as Anthony Poseliano, the CEO of Tether, Paolo Ardoino, rejected the need for an initial public offer, signaling confidence in the private structure of the company and the enlargement of influence.

He described it as a “discreetly revolutionary quarter of work” which shows how muchUSDT) was integrated into daily trade. Ardoino has shared images showing Bolivian stores displaying prices directly in the USDT.

Massive evaluation projections stretch the debate on the public list

Financial analyst Jon Ma recently planned that Tether would rank as a 19th world company with an assessment of $ 515 billion if she had become public today. This means that the company could exceed household names like Costco and Coca-Cola.

The analysis of MA indicates that $ 13 billion in Net Tether’s net profits for 2024, with $ 7 billion derived from the Treasury titles and rests. At the same time, an additional $ 5 billion came from unrealized gains on bitcoin and gold reserves.

The projection involves growth in the USDT supply of $ 50 to 60 billion and an average offer of $ 170 billion in 2025.

Responding to the estimate of the evaluation, Ardoino called the figure of $ 515 billion “beautiful” and also suggested that it could be “lower” given the expansion of bitcoin and gold cash titles.

Poseliano pushed speculation further by suggesting a potential evaluation of $ 1 Billion.

Tether’s CEO rejects the immediate need for introductions

Asked about the potential advantages of public dissemination, Ardoinino provided a brief answer: “No need to become public”. The declaration shows confidence in the current private structure of Tether and financial performance.

Unlike Circle’s choice to make public through a spac merger, Tether hesitates to continue the public list. The integration of USDT retail sale in Bolivia highlights the general trend in the acceptance of cryptography in Latin America.

Development follows similar models on other Latin American markets where the USDT acted both as a reserve of value and a means of exchange.

The USDT remains the largest stablecoin by market capitalization. According to CoinmarketCap data, the USDT has a market capitalization of $ 154.8 billion.