Paolo Ardoino, in an interview with Bloomberg News, said that Tether will increase its staff to 200 people by mid-2025. This is almost twice as much as it is now.
New employees should replenish the staff of the finance department, which manages reserve assets worth more than $118 billion, ensuring the binding and liquidity of the USDT stablecoin. Some of the new people will be part of the units responsible for interaction with supervisory authorities.
Tether is making efforts to clear its name from accusations from regulators and society that accused the company of illegally using USDT stablecoins by criminals. Tether is looking for new ways to monitor and counter potentially illegal activities related to the turnover of USDT in the secondary market. Ardonio hopes that the expansion of staff and the use of "various types of automated tools" will reduce the number of unpleasant incidents.
At the end of last year, Tether announced the freezing of $225 million in USDT related to a large international criminal syndicate engaged in human trafficking in Southeast Asia.