{"id":35910,"date":"2023-10-18T18:21:06","date_gmt":"2023-10-18T18:21:06","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo"},"modified":"2023-10-18T18:43:20","modified_gmt":"2023-10-18T18:43:20","slug":"stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo","title":{"rendered":"Stablecoin Tether appoints chief technology officer Ardoino as CEO"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Crypto firm Tether\u2019s Chief Technology Officer Paolo Ardoino will also become its CEO from December, the company said on Friday, in a surprise management shake-up for one of the crypto world\u2019s top tokens.<\/p>\n

Current CEO Jean-Louis van der Velde will \u201ctransition to an advisory role for Tether\u201d, the company said in a statement. Tether issues a stablecoin, also called Tether, which is designed to maintain a constant value of $1 and is widely used in crypto-to-crypto trading.<\/p>\n

There is $83.5 billion worth of Tether in circulation, making it the third-biggest cryptocurrency after bitcoin and ether, according to CoinGecko. Little is known about van der Velde, who keeps a low public profile.<\/p>\n

It is Ardoino who acts as the public face of the company, posting regularly on social media platform X, formerly known as Twitter, and speaking to journalists.<\/p>\n

Ardoino became chief technology officer of Tether in 2017, the company said. He said on X on Friday that he was \u201cexcited and humbled\u201d to become CEO. Van der Velde said in the company statement that Ardoino was \u201cextremely well-suited to lead Tether into this exciting new era.<\/p>\n

\u201d ARDOINO\u2019S TECH DREAMS Ardoino studied computer science at university in Genoa, Italy, according to Bitfinex\u2019s website.<\/p>\n

After graduating in 2008 he worked as a researcher for a military project, while experimenting \u201cextensively\u201d with cryptography, then began developing finance-related applications in 2010, the website says.<\/p>\n

On his LinkedIn profile, Ardoino describes himself as a highly-skilled programmer and says his philosophy is rooted in the \u201ccypherpunk and open-source movements\u201d.<\/p>\n

\u201cCypherpunk\u201d can refer to people in favour of using cryptography and other technology to increase their privacy or anonymity online.<\/p>\n

\u201cMy greatest passion is pushing the boundaries of what\u2019s possible with technology,\u201d Ardoino\u2019s profile says, listing his location as the UK.<\/p>\n

Ardoino has used his account on X to criticise media coverage of Tether. TETHER\u2019S RESERVES The company says its peg is maintained by Tether\u2019s holdings of dollar-based assets, including U.<\/p>\n

S. Treasuries. As part of a 2021 settlement with the New York Attorney General\u2019s office, Tether agreed to provide quarterly reports on its reserves for two years. Tether said on its website that it completed this requirement earlier this year. U. S.<\/p>\n

regulators have warned banks that stablecoin reserves could be subject to rapid outflows, for example if holders rushed to exchange such tokens back into traditional currency. Tether\u2019s statement did not say where Ardoino and van der Velde are based, where Tether is based or how many employees it has.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Crypto firm Tether\u2019s Chief Technology Officer Paolo Ardoino will also become its CEO from December, the company said on Friday, in a surprise management shake-up for one of the crypto world\u2019s top tokens. Current CEO Jean-Louis van der Velde will \u201ctransition to an advisory role for Tether\u201d, the company said in a […]<\/p>\n","protected":false},"author":84,"featured_media":35909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,241,194],"class_list":["post-35910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-mauritius","tag-technology"],"yoast_head":"\nStablecoin Tether appoints chief technology officer Ardoino as CEO - Mauritius<\/title>\n<meta name=\"description\" content=\"Crypto firm Tether\u2019s Chief Technology Officer Paolo Ardoino will also become its CEO from December, the company said on ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stablecoin Tether appoints chief technology officer Ardoino as CEO\" \/>\n<meta property=\"og:description\" content=\"Crypto firm Tether\u2019s Chief Technology Officer Paolo Ardoino will also become its CEO from December, the company said on ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-18T18:21:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-18T18:43:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/10\/sm_1697641866.807159.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"631\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Stablecoin Tether appoints chief technology officer Ardoino as CEO\",\"datePublished\":\"2023-10-18T18:21:06+00:00\",\"dateModified\":\"2023-10-18T18:43:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo\"},\"wordCount\":440,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/10\/sm_1697641866.807159.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Mauritius\",\"Technology\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/stablecoin-tether-appoints-chief-technology-officer-ardoino-as-ceo\",\"name\":\"Stablecoin Tether appoints chief technology officer Ardoino as CEO - 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