Tether Overhauls Its Leadership Ranks, Longtime CTO Paolo Ardoino Promoted To CEO

Tether Overhauls Its Leadership Ranks, Longtime CTO Paolo Ardoino Promoted To CEO
фото показано с : zycrypto.com

2023-10-15 21:44

Stablecoin issuer Tether has announced the promotion of long-time CTO Paolo Ardoino to chief executive officer as the company looks to become a “tech-centric organization”.

Ardoino To Become Tether’s CEO In December

Tether, the issuer of the world’s biggest stablecoin by market value, has made an unexpected management overhaul.

According to an October 13 announcement, Tether has promoted Paolo Ardoino to CEO. Ardoino, who has been serving as the company’s chief technology officer since 2017, will formally assume his leadership role in December 2023. Ardoino will be replacing Jean-Louis van der, who will transition into an advisory role.

Ardoino will retain his position as CTO for Bitfinex (Tether’s sister company) and chief strategy officer for Bitcoin L2 solution Holepunch, the press release noted. Meanwhile, Velde will continue being the CEO of Bitfinex.

Tether said the change in leadership reflects the company’s vision to become “a tech-centric organization, reshaping the future of finance” instead of just being a stablecoin issuer.

The move also aligns with Tether’s plans to venture into new business operations in peer-to-peer communications, Bitcoin mining, resilient data storage, and renewable energy.

Commenting on his new position, Ardoino posited on X:

“I’m truly excited and humbled to take the role as CEO at Tether. During my journey, started in 2014 with Bitfinex and later in 2017 at Tether, I had the opportunity to meet wonderful people that became great friends and a family. And as a family we achieved incredible results. Together we dream. Together we build. Unstoppable TogETHER.”

Ardoino hopes that Tether will extend the influence of the USD in global trade and exchange, which will guarantee its utility in emerging markets.

Tether has evolved beyond the crypto industry after becoming one of the biggest holders of U.S. Treasuries, including direct T-bill investments, repurchase agreements, and deposits in money market funds. In its most recent quarterly report, Tether said its profits exceeded $1 billion, which makes it one of the most profitable companies globally.

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tether ardoino ceo stablecoin issuer paolo cto

Источник: zycrypto.com

tether ardoino → Результатов: 115


Паоло Ардоино: «рост капитализации Tether не говорит о притоке денег в криптовалюты»

По мнению технического директора Tether и Bitfinex Паоло Ардоино (Paolo Ardoino) заметный рост капитализации Tether за последние три месяца еще не говорит о притоке денег в индустрию криптовалют. Ардоино рассказал, что стейблкойн USDT действительно очень популярен.

2020-6-12 11:00


Фото:

Op Ed: A Summary of

In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.

2019-5-18 22:14


Bitfinex raised $1 billion in 10 days by selling a token redeemable for Tethers

Embattled cryptocurrency exchange Bitfinex raised $1 billion in 10 days with an initial exchange offering (IEO), money it hopes will alleviate concerns of its financial stability. Bitfinex CTO Paolo Ardoino tweeted Monday that private firms, both inside the cryptocurrency sector and out, had contributed more than $100 million each throughout the fundraising.

2019-5-14 16:09


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