ChainCatcher reports that, according to Cointelegraph, Tether CEO Paolo Ardoino stated that the company has no intention of conducting an IPO. In response to the Artmesis CEO's prediction of Tether's valuation at $51.5 billion, he said that the valuation "is a nice number, but considering our growing Bitcoin and gold reserves, it may actually be slightly undervalued".
Ardoino expressed being "very excited" about Tether's next development stage, with famous Bitcoin advocates Anthony Pompliano and Jack Mallers both suggesting that the company may have trillion-dollar valuation potential.