Speaking in an interview recently, Tether CEO Paolo Ardoino hinted at the stablecoin firm's plans to double its workforce despite disappointing U.S. jobs data.
Tether CEO Paolo Ardoino’s recent statements have hinted at the stablecoin giant’s plans to increase its workforce by mid-next year. Speaking in an interview with Bloomberg recently, Ardoino revealed that he expects the firm to reach a headcount of 200 employees in 2025. This statement, in the wake of reversing crypto layoffs and U.S. recession fears, has garnered significant attention across the broader industry. The USDT producer currently boasts an employee base of a mere 100 staff members, with the abovementioned mover marking as a potential game changer for the stablecoin juggernaut.
Tether To Add 100 Employees By Next Year: Paolo Ardoino
According to Paolo Ardoino, the firm’s 200 headcount is expected to be scaled by mid-2025. This operation is aimed at enhancing support in key sectors such as compliance and finance.
“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 proclaimed. “We are very careful when we hire people, we hire only senior people,” he added, hinting at the crystal clear vision of offering expertise in cryptocurrency industry standards.
Meanwhile, despite the firm’s small employee base of just 100 staff members, its Q2 results have sent tongues wagging. A post shared by Ardoino previously on X spotlighted that the firm boasted a record-breaking $5.2 billion profit in the first half of 2024, with $1.3 billion in net operating profit only in June.
This data underscored the stablecoin giant’s phenomenal growth, marking a milestone in the crypto industry. Further, as the firm continues to advance, it maintains a strong ethos, with the CEO stating, “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.” He further adds that this action could probably be the most unfair deed one can do to their employees.
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