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.
