The newly promoted CEO of Tether is looking to diversify the firm's investments after a banner year where the stablecoin giant is on track to profit $4.5 billion.
Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.
The median compensation globally among 570 engineers surveyed was $120,000, with those in North America getting $193,000, up 1.5% versus the prior year, based on the study.
Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.
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