Arthur Hayes Fuels Tether IPO Speculations Amid $500 Billion Valuation Buzz

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.

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.

“Next up a US IPO. Bye bye Crcle,” wrote Hayes.

The remark followed revelations that Tether seeks funding at a $500 billion valuation. Reportedly, Tether is in talks with investors to raise as much as $20 billion.

The deal could push the stablecoin issuer into the highest ranks of the world’s most valuable private companies, like OpenAI and Elon Musk’s SpaceX.

According to Tether CEO Paolo Ardoino, the company is considering a raise from a group of high-profile investors. The funds achieved will reportedly be channeled toward maximizing the company’s strategy across diverse business lines.

Tether is evaluating a raise from a selected group of high-profile key investors, to maximize the scale of the Company's strategy across all existing and new business lines (stablecoins, distribution ubiquity, AI, commodity trading, energy, communications, media) by several…