Tether, the issuer of the stablecoin USDT, is studying the option to tokenize its shares on the blockchain following a potential stock offering, in a move aimed at providing liquidity for investors and preventing them from selling their shares at discounts before the offering.
The company aims for a valuation of up to 500 billion dollars, with expected profits of about 15 billion dollars this year, while the circulating volume of USDT is approximately 186 billion dollars.
This move comes amid the expansion of the real asset tokenization market, although its size remains relatively limited at around 18 billion dollars globally.
Tokenization could give Tether greater flexibility, faster trading, and lower costs, reflecting a growing trend of integrating traditional finance with blockchain technologies.
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