Tether, a dominant player in the stablecoin market, today announced the appointment of seasoned crypto professional Paolo Ardoino as its new CEO

Tether, the flagship stablecoin issuer, announced today the appointment of Paolo Ardoino as its new Chief Executive Officer. 

Ardoino will officially take over in December 2023, succeeding Jean-Louis van der Velde, who will transition to an advisory role at Tether and continue as the CEO of Bitfinex. 

He is set to juggle multiple roles, maintaining his current positions as Chief Technology Officer for Bitfinex and Chief Strategy Officer for Holepunch.

Since joining Bitfinex in 2014, Ardoino's role primarily revolved around refining the platform's Bitcoin trading features. His involvement with Tether started in 2017 when he became its Chief Technology Officer. During his tenure, Tether witnessed a growth in market capitalization, presently noted at $83 billion.

In his post on X, Ardoino says that he is "excited" and "humbled" to take the new role.  

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Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].