Tether to Double Staff by Mid-2025 in Compliance, Finance Push

Tether Holdings Ltd., issuer of the $115 billion stablecoin USDT, plans to double the size of its workforce over the next year to bulk up in areas like compliance.

The company expects to reach a headcount of about 200 people by mid-2025, Chief Executive Officer Paolo Ardoino said in an interview with Bloomberg News. Tether will also add staff in the finance department, which manages the $118 billion of assets backing USDT.

Paolo Ardoino

Photographer: Nathan Laine/Bloomberg

“We are very proud of the fact that we are very lean and we want to remain lean because we want to be flexible,” Adroino said. ...