Miracle at Tether: World’s Largest Stablecoin Issuer Sees Each Employee Generate $185 Million in Annual Profit, Outpacing 400 Apple Employees

On November 5th, the workshop “Cryptocurrency Assets and the Legal Landscape: A New Direction for Foreign Trade Students” took place. This event was jointly organized by the Vietnam Blockchain and Digital Assets Association (VBA), the Blockchain and Artificial Intelligence Institute (ABAII), and the Faculty of Law at the Foreign Trade University.

During the workshop, Mr. Nghiem Minh Hoang, a Fintech Application Specialist at the Vietnam Blockchain and Digital Assets Association and a Senior Strategy Expert at 1Matrix, shared insights. He noted that 45 out of 75 countries surveyed by the Atlantic Council have officially recognized or approved cryptocurrency transactions. Vietnam enacted the Digital Technology Industry Law in June 2025, and in the next Atlantic Council survey, Vietnam is likely to become the 46th country on this list.

According to Mr. Hoang, the rapid adoption of regulations on blockchain and cryptocurrency by many countries not only reflects new governance trends but also demonstrates a clearer understanding of the importance of stablecoins and cross-border payments. These two factors are reshaping global financial flows. Stablecoin-based payment models are proving to be far more efficient than traditional banking systems.

He cited the operational model of Tether, the world’s largest stablecoin issuer, which achieved a profit of $13 billion with just 70 employees, equivalent to $185 million per employee per year. “This is the clearest evidence of the productivity and impact of the digital asset economy,” Mr. Hoang stated.

According to Crypto Times, in 2024, Tether, the world’s largest stablecoin issuer, recorded a net profit of $13 billion with only 70 employees, equivalent to approximately $185 million in profit per employee per year. Each Tether employee generates value 400 times higher than an Apple employee ($0.57 million/year) and 10,000 times higher than the average income of employees at major banks in Vietnam (approximately 480 million VND/year).

In Vietnam, the government has issued a series of important documents, strategies, and policies to refine the legal framework for blockchain and cryptocurrency. From the National Blockchain Strategy, Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation, to the Digital Technology Industry Law and Resolution 05/2025/NQ-CP on piloting cryptocurrency exchanges for five years, Vietnam is demonstrating a proactive and open vision in adopting new technologies while ensuring safety and transparency in the digital financial ecosystem.

“As the legal framework is perfected, opportunities will arise not only for technology engineers but also for legal professionals, data analysts, and business consultants. This is a phase where Foreign Trade University students can seize the chance to act as a bridge between technology and policy, between innovation and compliance,” Mr. Hoang shared.

According to Mr. Hoang, the rapid development of the cryptocurrency market is demanding a high-quality workforce with legal expertise and an international mindset. It is also creating numerous new roles such as technology legal experts, on-chain data analysts, and Web3 project managers—professions that did not exist a decade ago.

Ms. Le Vu Huong Quynh, Director of Asia-Pacific Development at Tether, emphasized that blockchain is both an opportunity and a test of proactiveness for the younger generation. Tether’s operational model is the clearest proof that an enterprise’s value does not come from the number of employees but from its mastery of technology. With a solid academic foundation and a receptive mindset, Vietnamese students can compete on the global stage.