Per an official press release, the company behind the biggest stablecoin in the world, Tether, announced a change in its top executives. The company announced that Paolo Ardoino, its current CTO, will take over the position of CEO starting in December 2023.
Tether Announces Changes In Its Leadership
Tether claims Ardoino made significant contributions to the company and called its leadership “visionary” in the crypto space. Ardoino will replace Jean Lous van der Velde, the current CEO of the crypto company, but will remain as the CTO at crypto exchange Bitfinex and CSO at Holepunch.
The announcement confirmed that van der Velde will assume a new position as an advisor for Tether. However, van der Velde will remain as the CEO of Bitfinex.
Ardoino has been the CTO of Tether since 2017. Since taking over the position, the stablecoin USDT has become the number one digital asset in the world, and Tether has become a major player in the crypto space and traditional finances.
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