Circle's Blockbuster Success Aside, Tether CEO Doesn't Want To Go Public: 'Not Trying To Please' Couple Of JPMorgan Analysts
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Tether's Decision Against Going Public: Tether CEO Paolo Ardoino stated that the company has no plans to go public, citing its profitability and conservative management as reasons for this decision. He emphasized that they do not need access to capital and prefer to reinvest earnings in safe assets.
Industry Context and Recent Developments: Ardoino's comments come amid a growing stablecoin industry, highlighted by Circle's successful IPO and the recent passage of legislation establishing a regulatory framework for dollar-pegged cryptocurrencies in the U.S.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
