Tether plans to add 150 staff over next 18 months as expansion accelerates: FT
Tether is accelerating its global expansion by hiring 150 new staff over the next 18 months to support growth and strategic investments.Summary
Tether, the issuer of the largest stablecoin USDT, is significantly accelerating its global expansion, supported by the stablecoin's market capitalization growth to roughly $185 billion. The company, currently employing about 300 people, plans to add another 150 staff over the next 18 months, primarily engineers, but also roles like AI filmmakers, venture associates, and regulatory specialists globally. This expansion aligns with CEO Paolo Ardoino's vision for a "freedom tech stack" spanning finance, communications, intelligence, and energy. Tether is deploying rising profits into technology development and a diverse portfolio of strategic investments, including stakes in Juventus, Rumble, and physical reserves like gold via a $150 million investment in Gold.com. This growth occurs amid intensifying competition and regulatory scrutiny, prompting Tether to pursue regulatory footholds outside the U.S., such as in Abu Dhabi Global Market.
(Source：The Block)