Tether Limited, the USDT stablecoin issuing company, has an estimated valuation of 515,000 million dollars, surpassing giants such as Costco and Coca-Cola.
The financial analyst Jon Ma calculation This figure as the possible market valuation of the company if today came to quote on the stock market, positioning it as the 19th largest company in the world.
If Tether took the step out to be quoted in the stock market (it is worth clarifying that no plan has been informed about it), It would overcome To a set of outstanding companies, including ICBC, Bank of America, Home Depot, Johnson & Johnson, P&G, Exxon Mobil and Oracle, which They have capitalizations smaller than 500,000 million dollarsas seen below:
The CEO of Tether, Paolo Ardoino, commented on these estimates, stating:
“Tether’s assessment in USD 515,000 million is a beautiful number. It may be a bit bassist considering our current (growing) Bitcoin + gold treasure, but I feel very honored. We are also really excited about the next phase of growth of our company.”
Paolo Ardoino, CEO of Tether.
Until now, Tether Limited maintains about 100,521 bitcoin (BTC) in its treasury. It is a treasure that, calculated at today’s price – which can be seen in the cryptootic price calculator – is around 10,630 million dollars.
Now, all this remains in speculation, since the USDT issuing company You have no plans to go to the baglike it confirmed Ardoino in a recent message.
“We have no need to be a public contribution company.”
Paolo Ardoino, CEO of Tether.
The latter is a vision opposite to that of Circle, the USDC issuing company, the main USDT competition. That company went to the stock market last week under the CRCL ticket and on its first day of negotiation the shares They went up almost 170%. Until Friday, the actions of this entity are They negotiated by the order of the USD 107.
Even so, and although Tether will not go to the bag, the projection that is made Highlights the weight of this corporation in the cryptocurrency marketespecially if the growth and influence of the company is taken into account, which exceeded Germany recently in the United States Treasury Bonds.
This data underlines its growing influence on global finances. In addition, analyst Willy Woo suggested that, if Tether continues to buy debt at this rhythm, he could become a fundamental piece of the US economy, as cryptootics reported.
