Tether CEO Paolo Ardoino publicly stated that the stablecoin issuer has no intention of pursuing an IPO, even after competitor Circle’s recent debut on the New York Stock Exchange. This decision sparks debate about Tether’s valuation and future strategy.
Tag: Circle
Arca Dumps Circle Shares After Public Spat: What It Means for USDC
Digital asset investment firm Arca divests from Circle after its CIO publicly criticized the allocation of shares during Circle’s recent IPO. Here’s a breakdown of the situation and its potential impact.
Tether CEO Dismisses IPO Plans, Suggests $515B Valuation is ‘Bearish’
Tether CEO Paolo Ardoino recently stated that the stablecoin issuer has no intentions of launching an IPO, even after competitor Circle debuted on the NYSE. He also hinted that a $515 billion valuation might underestimate Tether’s true worth.
Arca Dumps Circle Shares After Public Spat Over IPO Allocation: What Does It Mean?
Arca’s CIO publicly criticized Circle’s IPO allocation process, leading to the firm selling its shares. What impact will this have on Circle and the broader stablecoin market?
Arca Dumps Circle Shares After Publicly Criticizing IPO Allocation: What Does It Mean for USDC?
Digital asset investment firm Arca divested its holdings in Circle after its CIO, Jeff Dorman, voiced strong dissatisfaction with the allocation received during Circle’s recent IPO. This news raises questions about market sentiment and the future of USDC.