All Eyes on Tether. Is Tether IPO next?

Inside: Why OpenSea’s not dead, how Tether could dominate infrastructure, and lawmakers revive the CLARITY Act.

Author

Cryptopolitan News
June 09, 2025 • Estimated Reading Time: 10 minutes

📬 Today’s Byte

• All Eyes on Tether. Is Tether IPO next?

• Are NFTs quietly making a comeback? 

• Big moves in D.C. this week. Lawmakers have released a major revision of the CLARITY Act 

• Tweet of the day

🪙 All Eyes on Tether. Is Tether IPO next?

Just days after Circle’s explosive debut on the NYSE with shares soaring 167% in a single day, the crypto world turned its gaze to the biggest fish in the pond: Tether. But Ardoino isn’t biting.

In a post on X, he dismissed IPO rumors, saying Tether has no plans to go public “anytime soon.” That hasn't stopped speculation from running wild. Artemis CEO Jon Ma even floated a $515 billion valuation for Tether, placing it ahead of Coca-Cola and Costco on the global leaderboard. Ardoino called that number “maybe a bit bearish.”

 The bigger picture:

Tether isn’t just ruling the stablecoin volumes, it’s stacking Bitcoin, buying into hard-money infrastructure, and expanding its empire. Just last week, it quietly moved over 37,000 BTC (worth nearly $4 billion) into Twenty One Capital, a Bitcoin-native firm backed by Jack Mallers (Founder and CEO of Strike)

That move makes Twenty One the third-largest corporate Bitcoin holder, right behind MicroStrategy and MARA.

 Why it matters:

  • Circle's IPO validated the stablecoin business model on Wall Street.

  • Tether's deep reserves (BTC + gold), $155B USDT float, and active investing raise big IPO potential.

  • Ardoino may be playing the long game: letting Circle test the waters before launching a market-shaking listing of his own.

Tether’s bet on Bitcoin-native capital markets (custody, lending, tokenization) could position it as a key player in financial infrastructure. It’s already hinting at a $1 trillion vision and if that happens, Circle’s IPO will look like just the warm-up.

📚 Read also: Deutsche Bank evaluates issuing stablecoins and tokenized deposits

Deutsche Bank AG is actively exploring stablecoins and various forms of tokenized deposits as major financial institutions gain confidence in expanding their presence within the digital asset space.

📊 Market Watch:

OpenSea just recorded its highest number of monthly users in nearly two years.

In May 2025, 467,322 users interacted with the marketplace — a level not seen since the last NFT hype cycle in 2023. On May 30 alone, the platform clocked 111,724 users, including 87,000 first-timers. For a platform many thought was fading, that’s a serious comeback.

So what changed?

OpenSea fully rolled out OS2, its biggest platform upgrade ever. The new version supports activity across 19 blockchains from minting Solana NFTs to trading gaming tokens and memecoins all from a unified wallet interface.

“We’re not just an NFT marketplace anymore,” said OpenSea CMO Adam Hollander. “We’re aiming to be the digital asset layer for the entire Web3 economy.”

 Beyond the headline metrics:

  • Weekly unique collectors are up 40% since January

  • Polygon NFTs have now crossed $2 billion in total sales

  • NFT buyers rose 55% in May, even as overall transaction counts dipped

  • Courtyard, a physical trading card NFT platform, moved $20.7M in sales in a single week

Dollar volumes may still be below the 2022 peak, but engagement and utility are rising again. As OpenSea simplifies cross-chain trading and niche verticals like collectibles, gaming, and RWA gain traction, the NFT market might be quietly building its next wave — one transaction at a time.

📚Read also: Japan’s SBI Holdings pours $50 million into Circle, stock surges

In a lucrative initial public offering (IPO) on the New York Stock Exchange on Thursday and Friday, Circle Internet Group stock soared, with the stablecoin issuer seeing a sizable investment from Japan’s financial services giant, SBI Holdings.

🏛️ Regulation Watch: 

The bill meant to finally give crypto in the U.S. a proper legal framework. It’s hitting the House Financial Services Committee for markup on Tuesday, and it could be the cleanest path yet to regulatory sanity.

So, what’s in this new version?

  • Tokens now have lanes: Clearer definitions separate what’s a commodity and what’s a security. That means less turf war between the SEC and CFTC.

  • DeFi gets breathing room: Builders like validators and protocol devs won’t need to ask the SEC for permission every time they push code.

  • Exchanges can keep running: Platforms will be allowed to operate under temporary licenses while new rules roll out.

  • No more shady accounting: Companies must disclose risks better and can’t treat customer assets like their own.

And maybe most telling — the bill adds “innovation” to the SEC’s mission. Yes, you read that right. After years of enforcement-first, Congress is telling regulators to actually support innovation too.

Both the Financial Services and Agriculture Committees are reviewing their versions. If they merge, this could be the blueprint for America’s crypto future — one that doesn’t kill DeFi in its cradle.

📚Read also: Senate Republicans can’t seem to agree on passing Trump’s Big Beautiful Bill

Senate Republicans are choking on their own bill. With less than a month left before their self-imposed July 4 deadline, they still can’t get on the same page about President Trump’s massive tax-and-spending proposal, his so-called “big, beautiful bill.”

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Crypto investor Karnika Yashwant reveals the 3-step DeFi strategy he’s used to earn $50K+ in 2025—without trading, stress, or complex tech. Copy his exact steps and start generating 10–30% passive income—even with just $500.

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🐥 Tweet of the day by @CPOfficialtx

Market-moving headlines 🔥

According to the announcement, Ripple is partnering with the Web3 Salon project for the initiative, which focuses mostly on Web3 startups building digital payments, decentralized finance, and tokenized real-world assets (RWA) products in Japan.

Industry groups from real estate, finance, and multinational companies are pushing for a retaliatory tax on foreign investors in the US to be reduced or taken out of the Republican tax bill known as Section 899. According to them, it is a threat to their businesses, the economy, and markets as a whole.

Strategy bought another 1,054 BTC, extending the trend of relatively small, sustained purchases. The average price for the firm’s holdings is now $70,086, after several weeks of buying above $100,000. 

Nvidia Corp. CEO Jensen Huang said that the UK’s artificial intelligence talent is an “envy of the world. Huang noted that while the UK boasts world-class researchers and scientists, the absence of robust computing resources hinders the nation’s ability to lead in the AI sector.

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