Paolo Ardoino

Stablecoin issuer Tether (CRYPTO: USDT) announced on Friday 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...

Crypto exchange Bitfinex is partnering with digital asset custodian Zodia Custody. What Happened: The agreement will allow Zodia's clientele to execute trades on Bitfinex while ensuring their assets are maintained via Interchange, an off-exchange settlement solution. Clients who hold...

Blockchain oversight platforms have identified a $1 billion approval in Tether's (CRYPTO: USDT) Treasury, aimed at enhancing short-term USDT liquidity on the Tron network. WhaleAlert, a blockchain monitoring service, spotlighted this massive authorization on microblogging platform X. This...

Paolo Ardoino, the Chief Technical Officer of Tether (CRYPTO: USDT), on Tuesday, said that the company now holds an exposure of $72.5 billion in U.S. Treasury bills. This significant holding positions Tether as one of the top 22 global buyers, surpassing countries such as the United Arab Emirates,...

Bitcoin (CRYPTO: BTC) achieved a groundbreaking record in Argentina, with its value surpassing the 10 million Argentinian pesos mark. This significant milestone came against the backdrop of Argentina's ongoing economic challenges, with experts who highlighted the cryptocurrency...

PayPal (NASDAQ: PYPL) on Monday announced its new U.S. dollar-denominated stablecoin, PayPal USD (CRYPTO: PYUSD), emphasizing its full backing by U.S. dollar deposits, short-term U.S. treasuries and other cash equivalents. The company stated that PYUSD can be redeemed on a 1:1 basis...

In a major move, Tether Operations Limited, the company behind the stablecoin Tether (CRYPTO: USDT), has announced the launch of its US dollar-pegged tokens on the Kava (CRYPTO: KAVA) blockchain. Kava is known for its scalability and speed, making this a significant addition for Tether....

Paolo Ardoino, the chief technology officer of Bitfinex and Tether (CRYPTO: USDT), hinted at a potential escalation in regulatory scrutiny aimed at decentralized exchanges (DEXs), even as the U.S. Securities and Exchange Commission already initiated legal action against centralized...

Stablecoin issuer Tether (CRYPTO: USDT) projects a Q1 profit of $700 million, pushing its aggregate surplus reserves beyond $1 billion, according to the firm's CTO Paolo Ardoino. Tether is responsible for issuing the USDT stablecoin, which maintains a one-to-one relationship with the U.S....

As part of “Crypto Opinion with Mike Ermolaev”, an ongoing series that interviews prominent figures in the crypto scene, Mike sat down with CTO of Tether Paolo Ardoino to discuss the world’s largest stablecoin's resilience throughout 2022, Tether's charity work, and its...

Tether Holdings Limited, the company behind the popular stablecoin USDT (CRYPTO: USDT) reported a net profit of more than $700 million in the last quarter of 2022, according to its latest Consolidated Reserves Report (CRR). The report showed Tether ended 2022 with zero commercial paper and at...

Cryptocurrency exchange Bitfinex and stablecoin issuer Tether (CRYPTO: USDT) have partnered with open-source protocol Hypercore to launch a video calling application, Keet, which also allows audio, text and file exchanges between users and supports Bitcoin Lightning and USDT payments. The Keet...

Paolo Ardoino — the chief technology officer at Tether (CRYPTO: USDT), the firm behind the leading stablecoin — commented on the growth of TerraUSD (CRYPTO: UST) after the token became the third-largest stablecoin and overtook Binance USD (CRYPTO: BUSD), the stablecoin of the...

Ukraine First Vice Prime Minister Mykhailo Fedorov requested in a Friday tweet that Tether — the operator of the Tether (CRYPTO: USDT) dollar-pegged stablecoin — and its CEO Paolo Ardoino put a stop on any transactions that involve Russia. Tether believes that no further...