Tether, the issuer of the world’s largest stablecoin, is undergoing a leadership change as it seeks to expand its focus. Paolo Ardoino, who has been serving as Tether’s chief technology officer since 2017, will take over as CEO in December 2023. He will replace Jean-Louis van der Velde, who will transition to an advisory role while remaining CEO of Tether’s sister company Bitfinex. Ardoino will also continue in his roles as CTO for Bitfinex and chief strategy officer for the Bitcoin layer 2 solution Holepunch. The change in leadership reflects Tether’s commitment to exploring new business operations, including peer-to-peer communications, renewable energy, resilient data storage, and Bitcoin mining. Ardoino’s extensive experience and understanding of various technologies make him the ideal choice for the CEO position. Tether aims to revolutionize the industry and serve as an infrastructure partner in the development of resilient cities and countries, while also expanding the influence of the USD and Bitcoin in global trade and exchange.

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Information	Details
Geography	Global
Countries	🇺🇾 🇩🇪
Sentiment	neutral
Relevance Score	1
People	Paolo Ardoino, Jean-Louis van der Velde
Companies	Bitfinex, Holepunch, Bitcoin, Northern Data Group, Tether
Currencies	Bitcoin
Securities	None