The Tether IPO (Initial Public Offering) chatter is up again, this time propagated by BitMEX co-founder and former CEO Arthur Hayes. It centers around the stablecoin issuers’ valuation, which some say could rival renowned companies like SpaceX, OpenAI, Costco, and Coca-Cola. Is Tether Considering Going Public? According to Arthur Hayes, Tether going public could spell doom for Circle after the USDC stablecoin issuers’ IPO. BeInCrypto reported the success of Circle’s IPO, after the firm raised the cap for its IPO, which was initially oversubscribed 25x
source: https://beincrypto.com/arthur-hayes-tether-ipo-500-billion/