CryptoMediaClub
Monday, July 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Tether to Onboard 200 Senior Staff by Mid-2025 to Focus on Compliance

09.08.2024
A A
0
121
VIEWS
ShareShare

Stablecoin issuer Tether is seeking to expand its compliance and financial reach by doubling-up its workforce by mid-2025. CEO Paolo Ardoino says Tether Holdings will soon reach a headcount of 200 senior staff, which currency has 100 employees.

Speaking to Bloomberg, Ardoino added that the staff expansion would help foster Tether’s reach in areas like compliance and finance.

However, Ardoino noted that he’s cautious about expanding the workforce too aggressively.

“We are very careful when we hire people, we hire only senior people,” he told the publication.

“There is nothing that I hate more than all those companies, especially Silicon Valley companies, that hire hundreds of people during the bull runs to fire them as soon as there is a downturn in the market. That I think is one of the most unfair things you can do to employees.”

Tether currently manages $118 billion of assets backing USDT and plans to add workforce to its finance department as well.

Tether’s Staff Expansion After ‘Record-Breaking’ Profits

Tether has been one of the successful crypto companies in the past with “record breaking” profits. The USDT issuer reported a net profit of $5.2 billion for the first half of 2024, driven by strong revenue from traditional asset investments.

The world’s largest stablecoin by market cap, produced an estimated $6.2 billion in net income in 2023. This is approximately 78% of the number Goldman Sachs did and 72% of Morgan Stanley’s, as flagged by Bitwise President Teddy Fusaro in April. He made a comparative statement that Tether has only 100 employees.

“We are very proud of the fact that we are very lean and we want to remain lean because we want to be flexible,” Adroino told Bloomberg.

Interestingly, Adroino spoke about the company’s staff strength on Thursday at the Bitcoin Fundamentals Podcast. The host Preston Pysh wrote on X that it is “roumored” Tether has 100 employees.

“And based on their last “Quarterly” earnings, the profit per employee is $13,000,000. Which is $52M per year per employee.”

This was a mind-blowing conversation. 🤯
It's rumored Tether has 100 employees. And based on their last *QUARTERLY* earnings, the PROFIT per employee is $13,000,000. Which is 52M per year per employee…🤣LOL
We also talk Holepunch technology and why it's important. https://t.co/PqcQWGFLfM

— Preston Pysh (@PrestonPysh) August 7, 2024

Early this year, Tether announced the expansion of its artificial intelligence (AI)-focused drive to fuel innovation. Meanwhile, the company has also been globally recruiting top-tier talents to contribute to its burgeoning AI division.

The post Tether to Onboard 200 Senior Staff by Mid-2025 to Focus on Compliance appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans
All news

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans

28.07.2025
0

San Francisco-based crypto lender Divine Research is extending thousands of unsecured loans to borrowers across the globe, verified not through...

Read moreDetails
Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

28.07.2025
South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

28.07.2025
Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

28.07.2025
Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

27.07.2025
Load More
Next Post
Bitcoin Spot ETFs See $194M Inflows, Bitcoin Price Rebounds

Bitcoin Spot ETFs See $194M Inflows, Bitcoin Price Rebounds

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin Network Activity Surges: What it Means for Price Consolidation

Bitcoin Network Activity Surges: What it Means for Price Consolidation

2 months ago

Gemini Strengthens its Presence in Asia With a New Office in India

2 years ago
The Digital Chamber Backs New Bill Tackling Pig Butchering Schemes

The Digital Chamber Backs New Bill Tackling Pig Butchering Schemes

10 months ago
Artist Jeff Koons’ Sculpture Becomes First ‘Authorized’ to Land on the Moon, Launches Matching NFTs

Artist Jeff Koons’ Sculpture Becomes First ‘Authorized’ to Land on the Moon, Launches Matching NFTs

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Trending

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans
All news

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans

28.07.2025
0

San Francisco-based crypto lender Divine Research is extending thousands of unsecured loans to borrowers across the globe,...

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

28.07.2025
South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

28.07.2025
Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

28.07.2025
Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

27.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz