Tether Names Paolo Ardoino As New CEO, Aiming For Tech-Centric Evolution
Portfolio Pulse from Murtuza Merchant
Stablecoin issuer Tether (CRYPTO: USDT) has announced 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. The leadership shift is seen as a strategic move in the crypto space.
October 13, 2023 | 1:56 pm
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The appointment of Paolo Ardoino as CEO of Tether could bring a fresh perspective and potentially new strategies to the company, which may impact the value of USDT in the short term.
Leadership changes often bring about shifts in company strategy, which can impact the value of associated assets. As the new CEO, Paolo Ardoino could introduce new strategies or directions for Tether, which may affect the value of USDT. However, as this change is not immediate and will only take effect from December 2023, the short-term impact is uncertain.
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