Paolo Ardoino to take over as Tether CEO in December

cyptouser4 months agoCryptocurrencies News110

Paolo Ardoino will take the reins as Tether’s (USDT) new Chief Executive Officer (CEO) in December, according to an Oct. 13 statement from the stablecoin issuer.

Former CEO Jean-Louis van der Velde will transition into an advisory position at the stablecoin firm while retaining his CEO role at Bitfinex crypto exchange. On the other hand, Ardoino will continue in his roles as Chief Technology Officer (CTO) for Bitfinex and Chief Strategy Officer (CSO) for Holepunch.

Ardoino became Tether’s CTO in 2017 and has grown to become the public face of the firm. According to the statement, Ardoino co-led the strategy that led to the stablecoin’s substantial growth in market capitalization to $83 billion.

Under Ardoino’s leadership, the company hopes to drive financial inclusion in emerging markets and work as a “tech powerhouse” that would “revolutionize the industry and serve as an infrastructure partner in the development of resilient cities.”

Velde hailed the promotion, saying Ardoino is well-suited to lead Tether into an exciting new era. He added that “Tether is poised to continue its rapid growth, with a continued focus on emerging markets and transformative technology” under Ardoino’s leadership.

Ardoino said:

“Together with our community, we can build a future that lifts the barriers to our freedoms. We remain committed to transparency, security, and to being an unstoppable force in the seamless integration of digital assets into the global financial ecosystem and beyond.”

The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

Elon Musk says X payments likely by mid-2024

Elon Musk provided a new estimate concerning the launch of payment features on X (formerly Twitter),...

Chainlink surges 35% in a week as over $100M LINK leaves exchanges

Chainlink’s native token, LINK, emerged as one of the top performers in the past week, surging...

Kraken's Powell criticizes SEC's 'convenience-based' enforcement actions in crypto industry

Kraken co-founder Jesse Powell suggested that the U.S. Securities and Exchanges Commission (SEC) pri...

Ethereum Name Service decries Unstoppable Domains patent as a threat to open-source ethos

Nick Johnson, the lead developer of Ethereum Name Service (ENS), accused Unstoppable Domains of pate...

Circle eyes IPO as USDC market dominance dips to two-year low

Circle, the issuer of the USD Coin (USDC) stablecoin, is reportedly exploring the possibility of goi...

BarnBridge DAO reaches $1.7M settlement with SEC over unregistered crypto bonds

BarnBridge DAO, a decentralized finance (DeFi) platform and its founders have agreed to a $1.7 milli...