"Some analysts have also speculated that Tether's audit plans are a signal that the company is looking to go public, much like Circle did with its CRCL stock. The thing is, this might not just be speculation. According to a December 2025 article by Bloomberg, Tether's executives were apparently considering tokenizing the company's stock after that aforementioned planned raise of $20 billion. Whether this actually happens remains to be seen, but it does seem likely. Needless to say, this would be even more bearish for Circle because Tether is much larger and also doesn't share profits on its reserves with another company."
By Coin Bureau | April 4, 2026 | Pending
From video
Tether’s First Real Audit: Is Your Crypto Safe Now? 00:16:34 - 00:17:14
Interpreted Prediction
Tether is likely to go public or tokenize its stock, which would be bearish for Circle (CRCL).

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