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Tether Operations

Issues fiat-collateralized stablecoins on blockchains

Head of Underwriting - Digital Asset Financing

UnderwritingUpdated on Nov 13
Full-timeMunich, GermanyNo salary listed

About the Job

Requirements

  • Strong financial and credit analysis capabilities.
  • Sound commercial judgment.
  • Deep understanding of counterparty risk.

Responsibilities

  • Lead credit assessments of borrowers, including funds, miners, trading firms, and corporates, from initial due diligence through transaction evaluation and approval recommendations.
  • Analyze counterparty financial statements, liquidity, leverage, trading strategies, business models, and overall creditworthiness.
  • Evaluate digital asset collateral, collateral coverage, market volatility, liquidity, and liquidation risks, where applicable.
  • Assess counterparties’ operational and custodial setups.
  • Structure transaction terms by recommending appropriate loan-to-value ratios, tenors, covenants, and margining.
  • Identify and assess counterparty, market, concentration, and operational risks associated with proposed transactions.
  • Prepare clear, evidence-based underwriting assessments and present recommendations to relevant decision-makers.
  • Monitor existing exposures, identify emerging risks, and recommend appropriate mitigation measures.
  • Collaborate with internal stakeholders to facilitate efficient transaction execution while maintaining disciplined underwriting standards.
  • Continuously enhance underwriting methodologies in response to evolving digital asset markets, products, and risk dynamics.

About the Company

Tether Operations

Issues fiat-collateralized stablecoins on blockchains

Tether Operations issues stablecoins, led by USDT, to bridge fiat currency with the crypto world. USDT is pegged to the U.S. dollar and issued on multiple blockchains (such as Ethereum, Tron, and Solana) to enable fast, low-friction transfers between exchanges. The tokens are backed by reserves and supported by periodic attestations, with revenue from reserve interest and token-related fees. The goal is to provide stable, liquid digital dollars for crypto trading and cross-border liquidity, while differentiating itself with broad blockchain support and a focus on transparency.

Company size
201-500
Company stage
IPO
Headquarters
San Salvador, El Salvador
Founded
2014

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