Emre Yumlu 
Tether Appoints New CFO to Strengthen Transparency and Audit Processes, Aiming to Boost Trust in the Crypto Market.
Tether Appoints New CFO to Strengthen Transparency and Regulatory Compliance
Tether has appointed Simon McWilliams as the Chief Financial Officer (CFO) to further enhance its leadership in the stablecoin sector and reinforce its commitment to financial transparency. With over 20 years of audit experience in major investment management firms, McWilliams will play a crucial role in advancing Tether’s transparency, regulatory compliance, and financial audit processes.
McWilliams’ appointment marks a significant step toward establishing industry standards and increasing regulatory engagement. The company, already making strides in stablecoin transparency with quarterly attestations from BDO, will now conduct a full audit to ensure financial integrity and verify its reserves.
Tether Expands Globally and Strengthens Transparency with Move to El Salvador
In line with its commitment to transparency and regulatory compliance, Tether has relocated to El Salvador as part of its global expansion strategy and obtained a Digital Asset Service Provider (DASP) license. These steps will solidify the company’s operational infrastructure and provide a stronger financial foundation in the crypto world.
Tether CEO Paolo Ardoino emphasized that McWilliams’ appointment is a milestone in the company’s journey towards achieving its financial audit and transparency goals. Tether will continue to support the financial strength of the U.S. economy while expanding its U.S. dollar-backed digital assets globally.
Tether Strengthens Global Strategy with Giancarlo Devasini’s Appointment as Group President
Tether has been a pioneer in the global stablecoin market since 2014. Holding over $113 billion in U.S. Treasury bonds, the company is now the 18th largest holder of U.S. government bonds. These investments support the global stability of the U.S. dollar and provide financial access to more than 400 million users worldwide.
Giancarlo Devasini, Tether’s visionary leader, will transition from CFO to Group President. Devasini will continue to guide the company’s macroeconomic strategies and global digital asset adoption efforts.
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