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Tether plans to hire 150 staff as CFO centralizes finance and governance amid growing global oversight.
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USDt wallets hit 24.8M, with $4.4T in transfers, showing strong demand despite crypto market turbulence.
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Tether froze $544M in Turkey-linked funds and has aided 1,800+ investigations worldwide, boosting compliance.
Tether is moving aggressively to transform from a crypto infrastructure provider into a diversified financial group. The company now manages a portfolio of around 140 investments and employs roughly 300 staff.
It plans to add another 150 employees to help improve operations. Besides expansion, a new CFO is hired, Simon McWilliams, who is centralizing finance and governance in London. This is as the digital currency firm Tether is facing regulatory pressures.
Recently, Tether froze over $544 million in cryptocurrency at the request of Turkish authorities. The funds were linked to Veysel Sahin, accused of illegal online betting and money laundering. CEO Paolo Ardoino told Bloomberg, “Law enforcement came to us, they provided some information, we looked at the information and we acted in respect of the laws of the country.” Ardoino emphasized that Tether cooperates consistently with authorities, including the DOJ and FBI. Consequently, the company’s compliance efforts have gained renewed attention.
Surging USDt Growth Amid Oversight
Notably, Tether’s popular stablecoin, USDt, remains the market’s most popular choice. This is because, in Q4 2025, the coin’s market capitalization peaked at a historic high of $187.3 billion. For instance, this amount represents a $12.4 billion increase in the coin’s valuation at a time when the cryptocurrency market is experiencing instability.
In addition, there are 24.8 million monthly active wallets used to hold the coin, which equates to approximately 70% of the total addresses holding stablecoins. Meanwhile, the quarterly transaction volume hit a high of 2.2 billion, translating to $4.4 trillion in transactions.
The regulatory attention continues to be high. The analytics firm Elliptic stated that Tether and Circle had been blacklisted by 5,700 addresses containing $2.5 billion by the end of 2025. Moreover, Tether has assisted in 1,800 investigations in 62 countries, freezing $3.4 billion in USDT related to potential criminal activities. However, the digital currency has been tied to high-risk transactions, such as sanctions evasion and recently, a $1 billion laundering scheme from a Venezuelan national.
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