News Explorer — Tether Names Paolo Ardoino as New CEO

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Oct 13, 3:15 pm

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Tether Names Paolo Ardoino as New CEO

Tether, the largest issuer of stablecoins, has appointed its Chief Technology Officer (CTO), Paolo Ardoino, as CEO, taking over from Jean-Louis van der Velde. Ardoino will assume the leadership role in December while continuing to serve as CTO and Chief Strategy Officer of Bitfinex and Holepunch, respectively. Van der Velde will remain as an advisor and continue as CEO of Bitfinex. Tether's stablecoin USDT, backed by US dollars, has a market cap of over $83 billion.

Tether, the largest issuer of stablecoins, has appointed its Chief Technology Officer (CTO), Paolo Ardoino, as CEO, taking over from Jean-Louis van der Velde. Ardoino will assume the leadership role in December while continuing to serve as CTO and Chief Strategy Officer of Bitfinex and Holepunch, respectively. Van der Velde will remain as an advisor and continue as CEO of Bitfinex. Tether's stablecoin USDT, backed by US dollars, has a market cap of over $83 billion.

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