Tether CEO Paolo Ardoino has revealed that there are no IPO plans for his company at the moment. He further explained why he doesn’t believe his company need to go public anytime soon. Interestingly, his explanation echoed Ripple CEO Brad Garlinghouse sentiment as Garlinghouse also recently revealed that his firm has no plans to go public, at least for now.
Paolo Ardoino Reveals Tether Isn’t Going Public For Now
FOX Journalist Eleanor Terrett revealed in an X post that the Tether CEO has confirmed that there are no IPO plans from the Stablecoin issuer at the moment. Paolo Ardoino explained that he believes going public would impair his company’s ability to move fast and keep “disrupting the status quo.”
He added that he thinks a company should only go public when they need to access capital and liquidity, something which Tether isn’t lacking at the moment, considering that they have made $12 billion in profits over the last two years.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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