Tether Appoints Paolo Ardoino as CEO
Tether, the stablecoin issuer, has announced the appointment of Paolo Ardoino as its new Chief Executive Officer. Ardoino, who currently serves as the Chief Technology Officer for Bitfinex and Chief Strategy Officer for Holepunch, will take on the role of CEO from December 2023. The former CEO, Jean-Louis van der Velde, will transition into an advisory role within the company. The crypto community has congratulated Ardoino on his new position as Tether expands into new verticals and starts investing in Bitcoin.
Ardoino’s Promotion and Community Congratulations
In an official announcement by Tether on October 13, Paolo Ardoino was revealed as the company’s new CEO. He will continue to hold his current positions as CTO for Bitfinex and CSO for Holepunch. The transition to CEO will take place in December 2023, with the former CEO moving into an advisory role. Ardoino shared the news on X and received congratulations from key figures in the digital asset market including Tron founder Justin Sun and VanEck’s Gabor Gurbacs.
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.…— Paolo Ardoino 🍐 (@paoloardoino) October 13, 2023
Tether’s Long-Term Strategy and Expansion
The appointment of Paolo Ardoino as CEO is part of Tether’s strategic transition to align with its long-term goals. With Ardoino at the helm, Tether aims to strengthen its position in the crypto industry and expand into new verticals. Additionally, Tether has started investing in Bitcoin, further solidifying its presence in the digital asset market.
Hot Take: Tether’s New CEO Signals Growth and Innovation
Tether’s decision to appoint Paolo Ardoino as its new CEO reflects the company’s commitment to growth and innovation in the crypto industry. With Ardoino’s extensive experience as CTO for Bitfinex and CSO for Holepunch, Tether is well-positioned to continue its rapid expansion and explore new opportunities. The congratulations from key figures in the digital asset market further affirm Ardoino’s suitability for the role. As Tether expands into new verticals and invests in Bitcoin, it is poised to achieve even greater success under Ardoino’s leadership.
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