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#CryptoObservers
If Tether were to go public, it would rank as the 19th largest publicly traded company globally, with an estimated market capitalization of $515 billion, according to Artemis co-founder and CEO John Ma. This valuation was projected by comparing Tether’s financials to those of rival stablecoin issuer Circle, which launched its IPO on June 5.
“Tether’s $515 billion valuation is impressive—maybe even a bit conservative, considering our current treasury reserves in bitcoin and gold,” said Paolo Ardoino, CEO of USDT issuer Tether. “But I prefer to stay modest,”