Tether CEO Paolo Ardoino has stated that Tether has no plans to go public, contrasting with rival Circle’s recent IPO debut on the NYSE. Ardoino dismissed a speculated valuation of $515 billion as ‘a bit bearish,’ suggesting the company’s true worth could be higher given its Bitcoin and gold treasury holdings. Prominent figures in the Bitcoin community, such as Anthony Pompliano and Jack Mallers, have speculated that Tether could eventually reach a $1 trillion valuation. Despite the lack of IPO plans, Tether remains a dominant player in the cryptocurrency market, with its USDT stablecoin ranking third by market capitalization at $154.83 billion. — new from Cointelegraph