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Stablecoin issuer Tether (CRYPTO: USDT) announced on Friday the appointment of Paolo Ardoino as its CEO, effective from December 2023.
He will succeed Jean-Louis van der Velde, who will remain involved in an advisory capacity while maintaining his CEO position at crypto exchange Bitfinex.
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In connection with the leadership shift, insiders point to the upcoming Benzinga’s Future of Digital Assets conference on Nov. 14, where such strategic moves in the crypto space will be a focal point of discussion.
Also Read: How Ripple’s Brendan Berry Is Using Crypto To Revolutionize Cross-Border Payments
On the transition, van der Velde noted, “Paolo is extremely well-suited to lead Tether into this exciting new era.”
In June 2022, Tether’s subsidiary, Holepunch, introduced an encrypted video-calling platform named Keet.
Ardoino in an interview with The Block then said that both Tether and Bitfinex dedicated half a decade and approximately $10 million towards the creation of Holepunch and Keet.
Read Next: Caroline Ellison Testifies On FTX’s Complex Financial Practices In Bankman-Fried’s Ongoing Trial
Photo: Shutterstock
“The Best Report Benzinga Has Ever Produced”
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