Tether grows to 300 staff in diversification push beyond stablecoins
|- Tether will double its workforce to 450 employees over the next 18 months, focusing on engineers.
- USDT drove record growth, expanding its market capitalization to $185 billion in one year.
- It pursues global regulatory presence, securing licenses in jurisdictions like Abu Dhabi.
Tether, issuer of the world's largest stablecoin, will double its workforce over the next 18 months. The company plans to incorporate 150 new employees to strengthen its international presence, according to Financial Times reports released Sunday.
The firm currently employs approximately 300 workers and primarily seeks engineers to bolster its technical capacity. Additionally, it posts job openings on LinkedIn for artificial intelligence filmmakers in Italy, venture capital associates in the United Arab Emirates, and regulatory specialists in Ghana and Brazil.
USDT, Tether's stable currency, drove corporate growth by expanding its market capitalization from $140 billion to $185 billion in just one year. Global adoption of the digital asset generates record revenues that the company reinvests in technology development and qualified personnel.
Paolo Ardoino, Tether's CEO, recently presented in San Salvador his vision of a "freedom tech stack" encompassing finance, communications, intelligence, and energy. The executive plans to build decentralized infrastructure across multiple economic sectors.
Diversified portfolio: From agriculture to Italian football
Tether's investments span varied sectors. The company allocated $775 million to Rumble, a YouTube alternative platform that launched an integrated crypto wallet in January. Simultaneously, it acquired stakes in South American agriculture and Italy's Juventus club.
The crypto giant also bets on technologies in robotics, satellites, and artificial intelligence. In metals, it invested $150 million in Gold.com to anchor digital assets with physical reserves. Additionally, it placed $100 million in Anchorage Digital, a U.S.-regulated entity.
The expansion occurs while Circle, its main competitor, debuted on the stock market last year. International regulators intensify oversight on stablecoin reserves and regulatory compliance standards.
Tether pursues regulatory presence outside the United States. The company obtains licenses in Abu Dhabi Global Market, diversifying its jurisdictional base amid scrutiny from global financial authorities.
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