USDT Issuer Tether Appoints Paolo Ardoino As New CEO Tether, the company behind the largest stablecoin by market capitalization,
has appointed Paolo Ardoino to serve at the helm as the company plans new operations. Ardoino, the former Chief Technology Officer of the company
, a position he held since 2017 will replace Jean-Louis van der Velde as the new CEO of the issuer in December 2023.
In an Oct 13 press release, the company announced the decision of Ardoino citing his contributions
to the wider crypto ecosystem and his visionary leadership.According to
Tether, the transition is part of the company’s strategy
to push new frontiers in global finance while maintaining its position as the leading stablecoin provider.
USDT has a market capitalization of over $83 billion, part of that success can be attributed to the vision of Antonio, the company wrote. However, new entrants into the scene
have revealed plans to take a chunk of USDT’s market share.
Meanwhile,
Van der Velde will transition into an advisory role within the company to give the new leadership all the support in terms of experience and expertise as it diversifies its business.
He would also retain his position as the CEO of Bitfinex.
