BiyaPay analyst: Circle's IPO market value reaches 45 billion US dollars, and if Tether goes public, its market value will exceed 500 billion US dollars

According to BlockBeats, on June 21st, Tether is expected to achieve an EBITDA of $7.4 billion by 2025. If we refer to the current valuation multiple of 69.3 times that of Circle (the parent company of USDC), the listed stablecoin issuer, Tether's potential valuation could reach as high as $515 billion. At present, the market value of USDT is about 155 billion US dollars, with a global user base of 420 million, covering emerging markets and high inflation countries, widely used for savings and payments. Tether CEO Paolo Ardoino said that USDT has become the most realistic alternative to US dollars for users in Türkiye, Argentina and other countries, and set up offline service points in Africa to promote stable currency payment. In addition, Tether is also investing in fields such as agriculture, AI, and brain computer interfaces to lay out future digital economic infrastructure. The USDC issued by Circle (CRCL. US), which has just landed on the US stock market, currently has a market value of about $45 billion. Although it has stronger compliance, its market share is still far lower than USDT. With the legislative advancement of the stablecoin innovation bill in the United States, the future competition landscape of stablecoins may usher in a new round of changes.