RE: LeoThread 2024-10-25 22:11

Tether's decision against IPO is quite a good one to make, especially considering their financial state. Boasting billions of profit over the last years with no apparent need for more capital, there's no pressure for them to go public. As CEO Paolo Ardoino said, taking Tether public would be a mere distraction from its higher order of challenging the status quo in the traditional financial system. This is a similar train of thought to that held by Ripple's CEO, Brad Garlinghouse, who equally sees no dire need for going through an IPO. In companies like Tether and Ripple, where the capital is big, staying private allows them to innovate freely without constraints that come with being publicly traded.

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