Tether Holdings, the issuer of the $115 billion stablecoin USDT, has announced plans to double its workforce to 200 employees by mid-2025. This expansion is aimed at bolstering compliance efforts and strengthening its position in the stablecoin market. The company is focusing on enhancing its compliance, finance, and development teams, and is deploying advanced automation tools to monitor and prevent illegal activities involving USDT in the secondary market. Tether's USDT supply has surged 25% this year, capturing a 70% share of the stablecoin market. The company reported record profits of $5.2 billion in the first half of 2024, further supporting its expansion plans.