Tether is using profits from its stablecoin business for talent recruitment, technology development and strategic investments, accelerating global expansion.
A recent report by The Block said Tether has recently increased its headcount to 300 and plans to hire 150 more people over the next 18 months, mainly engineers. It is also recruiting for non-engineering roles, including an Italian AI filmmaker, a UAE venture associate and regulatory specialists for Ghana and Brazil.
Tether's expansion is aligned with growing adoption of USDT. USDT's market capitalisation has surged to $185 billion from $140 billion a year ago. Tether CEO Paolo Ardoino (파올로 아르도이노) recently announced a "Freedom Tech Stack" plan spanning finance, telecommunications and energy at a conference in El Salvador.
Tether's investment portfolio is expanding into South American agriculture, the Italian soccer club Juventus and robotics, satellite and AI technologies. It invested $775 million in the video-sharing platform Rumble and has recently integrated a non-custodial cryptocurrency wallet directly into a video streaming platform.
Tether is strengthening its regulatory base outside the United States and has also established a foothold in Abu Dhabi Global Market. It is also expanding digital assets into the real economy, investing $150 million in the metals market. It invested $100 million in Anchorage Digital to strengthen cryptocurrency infrastructure in the United States.