Just-In: Tether Names Paolo Ardoino As CEO In A Strategic Move
Stablecoin issuer Tether names Paolo Ardoino as its new chief executive officer. Former CEO Jean-Louis van der Velde will continue to contribute to the success of the company and stablecoin Tether (USDT) with the transition to an advisory role. The crypto community congratulated Ardoino as the company expand into new verticals and starts investing in Bitcoin.
Tether Appoints Paolo Ardoino As CEO
In an official announcement on October 13, Tether revealed the promotion of Paolo Ardoino as its new Chief Executive Officer. Ardoino will continue in his current roles as chief technology officer (CTO) for Bitfinex and chief strategy officer for Holepunch.
Paolo Ardoino will take responsibility as CEO from December 2023. Current CEO Jean-Louis van der Velde will transition into an advisory role. Jean-Louis van der Velde said:
“Paolo is extremely well-suited to lead Tether into this exciting new era. I believe Tether is poised to continue its rapid growth, with a continued focus on emerging markets and transformative technology.”
Paolo Ardoino took to X to share the news with the crypto community. Tron founder Justin Sun, VanEck’s Gabor Gurbacs, and other key people from the digital asset market congratulated him.
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.… https://t.co/iaDbeKWIk3— Paolo Ardoino 🍐 (@paoloardoino) October 13, 2023
This is a strategic transition planned to align with Tether’s long-term strategy, as per the press release. Ardoino as CEO can increase Tether’s position in the crypto industry as the company expands into new verticals. Tether also started investing in Bitcoin.
Also Read:
- Hong Kong’s HKVAC Adds XRP, Hedera, Maker And Quant In Crypto Indexes
- Terra Luna Classic Community Moves Closer To Burning 800 Million USTC
- SBF Lawyers Seek To Probe All Witnesses After Caroline Ellison’s Testimony
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- What’s Behind Ethereum’s Drop: Macro, TVL, DeFi & Liquidity Zones
- Bitcoin ETFs Record Biggest Daily Outflow Since August as OG Whales Cash Out
- CZ Trump Pardon: Binance Founder Denies Any Trump Family Ties
- Odds for December Rate Cut Soar to 71% After Michigan Consumer Sentiment Hits 2nd-Lowest in History
- Breaking: James Chanos Exits MSTR Short After Premium Drop
- After a 17% Jump, Is Litecoin Price Rebound Sustainable Amid Dominant Sell Activity?
- Cardano Price Soars 10% Amid Retail Accumulation: Will Bulls Target $1?
- Bitcoin Price: How Low BTC Could Fall by the End of 2025?
- Post-Giveaway Supply Shock: Impact on FUNToken’s Liquidity and Market Depth
- Aster Price Poised to Hit $2 as Coinbase Adds ASTER to Listing Roadmap
- Filecoin Price Rockets 51% as Grayscale’s FIL Holdings Hit Record High — What’s Next for FIL?
