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Tether, shared with the public that Paolo Ardoino will start as its new executive board chairman.
Related: What Is Tether? How Does It Work?
▪️ Tether, officially announced on October 13th that Paolo Ardoino was promoted to the position of Executive Board Chairman. Also, Ardoino will continue his roles as Chief Technology Officer (CTO) at Bitfinex and Chief Strategy Officer at Holepunch.
▪️ Jean-Louis van der Velde stated “Paolo is an extremely suitable candidate to carry Tether to this exciting new stage. We maintain our belief Tether is ready to continue its rapid growth by focusing on emerging markets and transformative technology.”
▪️ After this event, Paolo Ardoino proudly stated that he was proud and happy in a post from his official X account.
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
▪️ Also, Ardoino highlighted that he will remain at the center of operations of USDT stablecoin, and revealed the company’s future plans. According to a press release, this is a strategic transition as part of Tether’s long-term strategy. Furthermore, with the appointment of Ardoino as CEO, the company can strengthen its position in the crypto industry as it expands into new sectors. Also, the company emphasized that it has started investing in Bitcoin.
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