According to the Financial Times, Tether is accelerating its expansion with the ambition to transform from a cryptocurrency infrastructure provider into a diversified investment conglomerate. This stablecoin issuer has now built a portfolio of approximately 140 investments across various sectors, demonstrating an expansion strategy that goes far beyond digital assets.
Tether currently has about 300 employees worldwide and plans to hire an additional 150 to support its new growth phase. Alongside scaling up, the company is also strengthening internal governance and financial controls.
Sources close to the matter indicate that new CFO Simon McWilliams is playing a central role in this process, focusing on centralizing financial and operational activities in London. This move is expected to improve transparency, efficiency, and bring Tether closer to the model of a traditional global enterprise.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether Builds Internal Bitcoin-Specific Dashboard Covering On-Chain Users, Balances, and Transactions
Tether CEO Paolo Ardoino announced that the company has established an internal Bitcoin dedicated dashboard to support global Bitcoin adoption and education. The dashboard displays data on Bitcoin users, balances, and transactions, with currently 4.7 million monthly active users and total assets of approximately 1.6 trillion dollars.
GateNews4h ago
Tether CEO: Bitcoin on-chain users reach 5.71 billion, USDT users approximately 5.5 billion
Gate News reported that on March 12, Tether CEO Paolo Ardoino disclosed on the X platform that there are currently approximately 571 million Bitcoin on-chain users, with quarterly growth exceeding 10 million; USDT user numbers are slightly lower at approximately 550 million, but with quarterly new user additions exceeding 30 million. Paolo Ardoino stated that Tether has always been proud to follow in Bitcoin's developmental footsteps.
GateNews4h ago
Tether Backs Ark Labs’ $5.2 Million Bet on Bitcoin’s Stablecoin Revival
In brief
Ark Labs secured backing from Tether and Anchorage Digital.
The firm plans to advance stablecoins and real-world assets on its Bitcoin layer.
The technology processes transactions off-chain, with fail-safe measures.
Tether has backed Ark Labs in a $5.2 million seed round, as the
Decrypt6h ago
Ark Labs Completes $5.2 Million Seed Round Funding, With Participation from Tether and Other Institutions
Ark Labs completed a $5.2 million seed round on March 12, which will be used to expand infrastructure for programmable finance applications on Bitcoin. The financing was participated in by multiple investors, with total support exceeding $7.7 million.
GateNews6h ago
Tether's QVAC Workbench releases version 0.4.1, with multiple features upgraded around AI localization
Tether Chief Executive Officer Paolo Ardoino announced on March 12 that the intelligent development platform QVAC Workbench 0.4.1 has been released, with multiple upgrades focused on AI localization and is currently in Alpha testing phase.
GateNews7h ago
Tether Mints $1 Billion USDT On Tron As Stablecoin Supply Surges
Tether once again captured the crypto market’s attention after issuing another $1 billion in new USDT tokens. The latest USDT minting took place on the Tron network, pushing the stablecoin’s circulating supply on the blockchain to about $85.3 billion. This amount now exceeds the supply on Ethereum b
Coinfomania10h ago
