{"id":173616,"date":"2023-10-13T17:42:16","date_gmt":"2023-10-13T12:12:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=173616"},"modified":"2023-10-13T17:42:16","modified_gmt":"2023-10-13T12:12:16","slug":"tether-stablecoin-firm-appoints-cto-paolo-ardoino-as-ceo-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/tether-stablecoin-firm-appoints-cto-paolo-ardoino-as-ceo-crypto-news\/","title":{"rendered":"Tether stablecoin firm appoints CTO Paolo Ardoino as CEO – Crypto News"},"content":{"rendered":"
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Tether, the issuer of the world\u2019s largest stablecoin by market capitalization, is replacing its CEO as the company works to expand its areas of focus.<\/p>\n

Paolo Ardoino, who has been serving as Tether\u2019s chief technology officer since 2017, will become the new CEO of the firm in December 2023, Tether announced on Oct. 13.<\/p>\n

Ardoino will replace Jean-Louis van der Velde, who will transition to an advisory role for Tether while retaining his position as CEO of Tether\u2019s sister company Bitfinex. Ardoino will continue in his roles as CTO for Bitfinex and chief strategy officer for the Bitcoin (BTC<\/a>) layer 2 solution Holepunch.<\/p>\n

Ardoino will also \u201ccontinue to oversee the technology department for the time being\u201d at Tether, a spokesperson for the firm told Cointelegraph.<\/p>\n

Tether said the change in leadership reflects the company\u2019s commitment to actively exploring new business operations, including peer-to-peer communications, renewable energy, resilient data storage and Bitcoin mining.<\/p>\n

As Ardoino has been leading Tether\u2019s expansion strategy over the last couple of years, the transition should be seen as a \u201cnatural progression,\u201d a representative of the firm told Cointelegraph.<\/p>\n

The firm said Ardoino is the ideal choice for Tether\u2019s CEO due to his significant impact beyond his organizational roles, including his involvement and understanding of Holepunch, Bitcoin mining, hardware and artificial intelligence. Ardoino’s efforts toward enhancing freedom and fostering innovation have also established the exec as one of the most influential figures in the community, Tether noted.<\/p>\n

Related: <\/em><\/strong>USDR stablecoin depegs to $0.53, but team vows to provide solutions<\/em><\/strong><\/a><\/p>\n

\u201cUnder Paolo\u2019s leadership, Tether will continue to work towards delivering financial services to those in need, reshaping the landscape of global finance,\u201d the Tether spokesperson said, adding:<\/p>\n

\u201cPaolo [Ardoino] envisions Tether as a tech powerhouse poised to revolutionize the industry and serve as an infrastructure partner in the development of resilient cities and countries. Tether\u2019s mission also includes expanding the influence of the USD and Bitcoin in global trade and exchange […]\u201d<\/p><\/blockquote>\n

As previously reported, Tether has been actively developing Bitcoin mining operations in 2023, launching a mining operation in Uruguay<\/a> in May. The firm has continued its aggressive entry into the Bitcoin mining industry, introducing Tether BTC mining software<\/a>\u00a0to enhance the management of mining capacity in August 2023.<\/p>\n

In September 2023, Tether invested in German crypto miner Northern Data Group<\/a> in a move backing artificial intelligence initiatives.<\/p>\n

Magazine: <\/em><\/strong>Unstablecoins: Depegging, bank runs and other risks loom<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Tether, the issuer of the world\u2019s largest stablecoin by market capitalization, is replacing its CEO as the company works to expand its areas of focus. Paolo Ardoino, who has been serving as Tether\u2019s chief technology officer since 2017, will become the new CEO of the firm in December 2023, Tether announced on Oct. 13. Ardoino […]<\/p>\n","protected":false},"author":2,"featured_media":173617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-173616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=173616"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173616\/revisions"}],"predecessor-version":[{"id":173619,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173616\/revisions\/173619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/173617"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=173616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=173616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=173616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}