Tether said that Chief Technology Officer Paolo Ardoino will lead the company from December 2023, succeeding current CEO Jean-Louis van der Velde.

Van der Velde will take up a new advisory role at Tether while still holding the position of CEO at Bitfinex, a crypto exchange that is closely associated with Tether.

Tether is one of the largest stablecoin operations in the world, with its USDT token holding a combined market capitalization of $80 billion. #usdr #cryptocurrency $BTC $USDC