Tether CEO Says IPO Could Surpass Coca-Cola’s Valuation, But Public Listing Not Needed

In Brief:

Tether CEO Paolo Ardoino says a listing could give the company a $515B valuation—higher than Coca-Cola.

Despite the potential, he says Tether has no need to go public as business remains strong.

Tether CEO Paolo Ardoino responded to an analysis suggesting that if the company went public, it could reach a market capitalization of $515 billion. That figure would place Tether among the world’s top 20 companies—surpassing giants like Costco and Coca-Cola.

Ardoino called the valuation estimate a “beautiful number,” but emphasized that Tether is not currently considering an IPO. He stated that the company’s business model is performing well and that there’s “no need to go public yet.”

While acknowledging excitement about the company’s future, Ardoino also expressed a desire for Tether to remain “humble” as it continues its development and global expansion. The firm’s stablecoin, USDT, remains the most widely used in the crypto market.

Tether has recently increased transparency efforts and expanded into new sectors, including Bitcoin mining and real-world asset tokenization, reinforcing its position at the core of digital finance infrastructure.

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