Tether To Double Workforce Size By Mid-2025 With Focus On Compliance Team

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Tether, is reportedly planning to double the size of its workforce by mid-2025, with a particular focus on its compliance team. It plans to increase its staff to around 200 people, its CEO told Bloomberg. He also added that “We are very careful when we hire people, we hire only senior people.” The firm has faced scrutiny over the illicit use of USDT and continues to cooperate with authorities to prevent illegal activities. Tether has generated record-breaking profits of $5.2 billion in the first half of 2024, despite having a much smaller workforce compared to major tech and crypto companies.