Tether’s CTO Paolo Ardoino Appointed as Stablecoin Firm’s New CEO

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Stablecoin issuer Tether Holdings Ltd. appointed its technology boss Paolo Ardoino as its new chief executive officer, following several years in which the executive had emerged as the company’s main public figure. Starting in December, Ardoino will replace Jean-Louis van der Velde who is transitioning into an advisory role at the company, Tether said in a statement on Friday. Van der Velde remains chief executive of Tether’s sister cryptocurrency platform Bitfinex, while Ardoino will remain the exchange’s CTO, according to the statement. Ardoino will also continue to manage Tether’s technology teams, according to a Tether spokesperson.

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