Tether, a stablecoin provider that also operates as an energy provider and Bitcoin miner, appoints Paolo Ardoino as its incoming CEO, starting in December 2023. Ardoino, known for his expertise in the field, will take over from Jean-Louis van der Velde (JL), who remains as CEO of Bitfinex and serves as an advisor to Tether.

Ardoino will retain his roles as Chief Technology Officer for Bitfinex and Chief Strategy Officer for Holepunch.

Ardoino started at Bitfinex in 2014, where he played a pivotal role in advancing the platform's Bitcoin trading capabilities. In 2017, he assumed the position of Chief Technology Officer at Tether, contributing significantly to its growth. 

Tether's market presence and capitalization have since risen to $83 billion under his leadership.

He is also an advocate for financial inclusion in emerging markets, co-sponsoring the Bitfinex Freedom Manifesto, which promotes Bitcoin and peer-to-peer technologies for financial freedom. 

Tether under Ardoino aims to expand global financial services and contribute to resilient city development through transformative technology.

Van der Velde, pivotal in Tether's success, will advise the company, leveraging his regulatory expertise as Tether focuses on technology and diversification.

Van der Velde expressed confidence in Ardoino's leadership and Tether's commitment to growth, particularly in emerging markets and transformative technology.

“Paolo is extremely well-suited to lead Tether into this exciting new era,” said van der Velde.

I believe Tether is poised to continue its rapid growth, with a continued focus on emerging markets and transformative technology. I think I can speak for the entire company when I say that we eagerly anticipate Paolo’s leadership as he guides Tether toward a future where finance knows no bounds.

Paolo Ardoino expressed his gratitude for being appointed CEO, promising to prioritize stability, transparency, and security in his leadership.

"It's truly an honor to be entrusted with the role of CEO at Tether,” said Ardoino. 

I'm excited to lead our team as we continue to innovate and provide stability in the cryptocurrency and global space. Together with our community, we can build a future that lifts the barriers to our freedoms. We remain committed to transparency, security, and to being an unstoppable force in the seamless integration of digital assets into the global financial ecosystem and beyond.

This transition aligns with Tether's long-term strategy, reaffirming its position in the industry and its dedication to innovation and growth.

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