Tether Scales Operations Globally as CFO McWilliams Strengthens Governance

TLDR: Tether now manages 140 investments, actively moving beyond stablecoin operations worldwide. The company hires 150 staff, boosting engineering, finance, and regulatory teams globally. CFO Simon McWilliams centralizes London operations to strengthen governance and reporting. Tether scales down $20B fundraising plan to $5B, focusing on investors and profitability. Tether, issuer of the dominant stablecoin USDT with about $187 billion in circulation, is diversifying beyond crypto payments. It is moving into a global investment group as investors pushback trim a planned $15–$20 billion capital raise to around $5 billion. CEO Paolo Ardoino says the firm remains profitable and strategically aligned, while expanding hires, investments, and governance under new CFO Simon McWilliams. Tether Expands Beyond Stablecoins into a Global Investment Group Tether, the issuer of the widely used stablecoin USDT, is accelerating its transformation from a crypto infrastructure provider into a diversified global investment group. According to the Financial Times, the company now manages around 140 investments spanning artificial intelligence, commodities, sports equity, and other sectors. This strategic shift aims to reduce reliance on stablecoin operations while broadening revenue streams and market influence According to FT, Tether is accelerating its expansion, seeking to evolve from a crypto infrastructure provider into a diversified group. Its portfolio now includes about 140 investments, headcount is around 300, and it plans to hire 150 more staff. Sources say new CFO Simon… — Wu Blockchain (@WuBlockchain) February 8, 2026 To support this growth, Tether’s workforce is scaling. The company currently employs roughly 300 staff and plans to hire 150 more. These new roles focus on engineering, regulatory compliance, finance, and venture investments. Offices in London, the UAE, Brazil, and Ghana indicate a deliberate push toward global reach and regulatory alignment. Leadership ch...