Tether Holdings Workforce Expected to Increase in 2025
Key Points:
- Tether Holdings workforce is expected to grow to around 200 employees by mid-2025 with a focus on compliance and finance.
- The company generated $1.3 billion in profit in Q2 and has invested $2 billion in startups over the past two years
According to Bloomberg, Tether Holdings workforce is set to significantly expand over the next year.
Read more: Former Northern Data Executives Accuse Tether-Backed Company of FraudÂ
Tether Holdings Workforce Expanded as It Scales Up Compliance and Finance Efforts
The company has a target of having some 200 employees by the middle of 2025, with special emphasis on strengthening its compliance and finance teams involved in overseeing the $118 billion worth of assets that back USDT. According to CEO Paolo Ardoino, the company will remain lean and highly selective when it comes to hiring, only adding senior personnel.
Despite having a comparatively very small team, Tether has recorded appreciable financial success, returning a profit of $1.3 billion in the second quarter. Compared in terms of the number of personnel, Tether Holdings workforce is next to nothing besides major crypto exchanges such as Binance and Coinbase, which have thousands of employees.
Tightened Supervisory Measures as Illicit Use Faces Scrutiny
Tether has come under constant barrage over the potential illicit use of USDT. Last month alone, it was said to be used by Russian arms smugglers to circumvent U.S. sanctions. In an effort to tackle the problem, Tether is increasing its tracking and has partnered with Chainalysis to enhance the monitoring of transactions and screening for sanctions.
It has also been active in investment, using the yields from its Treasury holdings to invest some $2 billion in startups in the past two years. These investments include stakes in companies such as Northern Data Group and Bitdeer Technologies Group, with a small team of 15 overseeing this.
Paolo Ardoino has warned against reckless expansion of the workforce and criticized companies that explode in terms of hiring when the market is good, only to lay off many of their workers subsequently. He said Tether remained focused on a stable and lean operational model while it continued to invest strategically in business and compliance.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Author
News
Tether Holdings Workforce Expected to Increase in 2025
Key Points:
- Tether Holdings workforce is expected to grow to around 200 employees by mid-2025 with a focus on compliance and finance.
- The company generated $1.3 billion in profit in Q2 and has invested $2 billion in startups over the past two years
According to Bloomberg, Tether Holdings workforce is set to significantly expand over the next year.
Read more: Former Northern Data Executives Accuse Tether-Backed Company of FraudÂ
Tether Holdings Workforce Expanded as It Scales Up Compliance and Finance Efforts
The company has a target of having some 200 employees by the middle of 2025, with special emphasis on strengthening its compliance and finance teams involved in overseeing the $118 billion worth of assets that back USDT. According to CEO Paolo Ardoino, the company will remain lean and highly selective when it comes to hiring, only adding senior personnel.
Despite having a comparatively very small team, Tether has recorded appreciable financial success, returning a profit of $1.3 billion in the second quarter. Compared in terms of the number of personnel, Tether Holdings workforce is next to nothing besides major crypto exchanges such as Binance and Coinbase, which have thousands of employees.
Tightened Supervisory Measures as Illicit Use Faces Scrutiny
Tether has come under constant barrage over the potential illicit use of USDT. Last month alone, it was said to be used by Russian arms smugglers to circumvent U.S. sanctions. In an effort to tackle the problem, Tether is increasing its tracking and has partnered with Chainalysis to enhance the monitoring of transactions and screening for sanctions.
It has also been active in investment, using the yields from its Treasury holdings to invest some $2 billion in startups in the past two years. These investments include stakes in companies such as Northern Data Group and Bitdeer Technologies Group, with a small team of 15 overseeing this.
Paolo Ardoino has warned against reckless expansion of the workforce and criticized companies that explode in terms of hiring when the market is good, only to lay off many of their workers subsequently. He said Tether remained focused on a stable and lean operational model while it continued to invest strategically in business and compliance.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Related Posts
Latest
Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town
Press Release
Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town
Best New Meme Coins to Invest in Today: BTFD Coin Wows Investors with Unmissable Stage-7 Price Reversal as Book of Meme and Snek Crash
