Hassan Maishera
TL;DR
-
Tether has expanded its workforce to about 300 employees and intends to add another 150 over the next 18 months.
-
The Financial Times report added that Tether has also made investments across sectors, including sports, agriculture, technology, and media.
Tether to Add 150 Staff Over Next 18 Months
Tether, the issuer of the USDT stablecoin, is accelerating plans for its global expansion as it deploys its growing profits into hiring, technology development, and an increasing portfolio of strategic investments.
In a report by Financial Times, Tether recently expanded its workforce to about 300 employees and plans to add another 150 over the next 18 months, primarily engineers.
The report added that Tether is also hiring for non-engineering roles, including AI filmmakers in Italy, venture associates in the UAE, and regulatory specialists in Ghana and Brazil.
This latest development is supported by the strong growth in Tether’s USDT adoption. USDT’s market cap surged to roughly $185 billion from around $140 billion a year earlier, thanks to its growing adoption.
FT added that Tether’s investments range from South American agriculture to Italian football club Juventus, alongside technology ventures in robotics, satellites, and AI.
Tether invested roughly $775 million in Rumble, a YouTube alternative that launched a non-custodial crypto wallet embedded directly into its video streaming platform last month.
In September, a Bloomberg report revealed that Tether was set to raise $20 billion from investors in a deal that would take its valuation to $500 billion.
The company has deepened its metals exposure with a $150 million investment in Gold.com, part of a broader effort to anchor its digital assets with physical reserves. It also invested $100 million in Anchorage Digital, in a bid to boost its regulatory foothold in the United States.
