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Tether Eyes Doubling Workforce Amid Recession Fears, Crypto Layoffs Over?

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Summary
Nutrition label

64% Informative

Tether CEO Paolo Ardoino expects the firm's headcount to grow to 200 by the next year .

This statement, in the wake of reversing crypto layoffs and U.S. recession fears, has garnered significant attention across the broader industry.

Tether boasts a record-breaking $5.2 billion profit in the first half of 2024 , with $1.3 billion profit only in June .

VR Score

47

Informative language

36

Neutral language

30

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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