Tether Holdings Ltd About To Hire 100 More Overworked Bureaucrats And Number Crunchers Because Who Needs Actual Profits?

The stablecoin issuer Tether Holdings Ltd., because it’s not like they’ve been accused enough times already – plans to increase its workforce by 100 employees to reach an impressive total of 200 people! That’s right; with this new expansion, the company will have more than double its current staff. But don’t worry about them being overworked or anything; a majority of these new hires will be joining the compliance team (yay, bureaucracy!), while others will join the finance department because who doesn’t love crunching numbers all day? It’s worth noting that Tether is still managing to rake in impressive profits despite its tiny workforce. In fact, their Q2 operating profit was a whopping $1.3 billion! That’s like me getting rich off my extensive collection of participation trophies (which I don’t actually have). But hey, who needs employees when you’ve got U.S. Treasuries lying around? Tether reportedly holds over $97.6 billion in them – that’s more than some countries hold as national debt! It just goes to show that with enough cash and a good PR team (or should I say, a stablecoin issuer?), even the most questionable business practices can be swept under the rug