Focus on doubling the size of the workforce by mid-2025

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a certified digital marketing executive and passionate crypto journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

August 9, 2024 12:27

Tether reportedly plans to double its workforce by mid-2025. The CEO told Bloomberg that he plans to increase the workforce to 200 people. He added, “We are very careful when hiring people, we only hire seniors.” The company is under investigation for illegal use of USDT and continues to cooperate with authorities to prevent illegal activities. Tether posted record profits of $5.2 billion in the first half of 2024, despite having a very small workforce compared to major tech and crypto companies.