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Reminder: USDT employees manage roughly $2.6 billion EACH!

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by COINS NEWS 118 Views

USDT has a market capitalisation of $74 billion, while Tether has only 29 employees on LinkedIn*

This means that each employee manages $74 billion/29, which is roughly $2.6 billion each.

I understand that the management of USDT doesn't require the same sort of oversight as, say, a real estate firm or bank, but this AUM per employee is still astronomical and slightly alarming.

I'm not trying to raise any sort of issues with USDT, and I will applaud it for being so stable in this time of turmoil. I just thought it was useful to raise this point now.

Tl;dr There's not many Tether employees for such a large amount of capital. Not necessarily FUD, but useful to know.

*It says that there are 47 employees, however a lot of these are "investors in Tether", or just entirely not related to the company. There are 29 who look like they actually work at Tether and I think that's generous. (I could also have excluded those who aren't involved with the actual management of Tether, like HR and recruiting, but decided to include them to be conservative).

submitted by /u/Laughingboy14
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