Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- Paolo Ardoino was appointed as Tether’s new CEO in an official announcement made on October 13.
- Having spent three years at Bitfinex, Ardoino became Tether’s CTO in 2017.
The issuer of the USDT stablecoin, Tether, has designated Paolo Ardoino as its new CEO. Jean-Louis van der Velde, the previous CEO of the company, will transition to an advisory role to continue his involvement. Ardoino’s advancements in emerging sectors and his investments in Bitcoin have garnered positive recognition from the cryptocurrency community.
Paolo Ardoino was appointed Tether’s new CEO in an official announcement made on October 13. He will retain his current roles as CTO of Bitfinex and chief strategy officer of Holepunch. Ardoino will officially take on CEO responsibilities starting in December 2023, at which point Jean-Louis van der Velde will shift to a new advisory role.
Jean-Louis van der Velde stated:
Related Posts
“Paolo is exceptionally qualified to guide Tether into this promising new phase. I am confident that Tether is set to maintain its swift growth, with an ongoing emphasis on emerging markets and innovative technology.”
Strategic Decision
Paolo Ardoino communicated the news to the crypto community via Twitter. Prominent figures in the digital asset sector, such as Tron’s founder Justin Sun and VanEck’s Gabor Gurbacs, extended their congratulations. The announcement indicated that this is a strategic decision aimed at better aligning with Tether’s long-term objectives. With Ardoino leading, Tether can enhance its market position and explore new opportunities.
After three years at Bitfinex, Ardoino joined Tether in 2017 as its chief technology officer. Beginning in 2020, Tether’s (USDT) market capitalization started to grow significantly, ultimately reaching $83.5 billion.
Highlighted Crypto News Today:
Loom Network (LOOM) Shines Bright With 510% Surge in a Month
