Tether plans to add 150 staff over next 18 months as expansion accelerates: FT

Tether, the company behind the world’s largest stablecoin, USDT, is embarking on a significant expansion of its workforce, aiming to hire 150 new employees over the next 18 months, according to a report by the Financial Times (FT). This aggressive recruitment drive signals an accelerated phase of growth and strategic diversification for the stablecoin issuer.

The staffing increase is necessary to support Tether’s move into new technological sectors that extend beyond its foundational stablecoin operations. While the company will undoubtedly prioritize engineers and developers to enhance its core digital asset infrastructure, a substantial portion of the new hires will focus on emerging business lines.

Over the past year, Tether has publicly committed resources to non-financial technologies, including investments in artificial intelligence (AI), decentralized P2P communication systems, and sustainable energy projects. The planned hiring surge is critical for building out the internal research and development teams required to manage and scale these ambitious initiatives.

Market observers note that the addition of 150 staff members represents a significant growth metric for a traditionally lean crypto firm. This move underscores Tether’s institutional shift from merely being the issuer of the dominant stablecoin to positioning itself as a key infrastructure provider across the digital economy, backed by the massive market capitalization of USDT.

Source: Tether plans to add 150 staff over next 18 months as expansion accelerates: FT