{"title": "Tether's New CEO Paolo Ardoino Plans Real-Time Reserve Data and Expansion", "body": "According to Bloomberg, Tether's incoming CEO Paolo Ardoino plans to publish real-time data on the company's reserves and expand into renewable energy. Ardoino, who will take over as CEO in December, aims to increase tech investment and engage with regulators. Tether's USDT stablecoin, which maintains a one-to-one value with the US dollar, accounts for nearly 70% of the stablecoin market and is crucial for investors trading and storing digital assets. Despite its importance, little is known about Tether's operations, and the company has faced criticism for a lack of transparency regarding the reserves backing its stablecoin.\n\nTether, incorporated in the British Virgin Islands, has no public offices or independent board and reveals little about its structure. Ardoino, who will also remain chief technology officer at Bitfinex, plans to address these transparency concerns by publishing real-time data on Tether's reserves. The company reported around $3.3 billion in excess capital in June, with most assets supporting the token being short-dated US Treasury bills. As regulators worldwide prepare to crack down on stablecoin issuers, Ardoino's leadership will face challenges in navigating the evolving regulatory landscape."}