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Tether names Paolo Ardoino as the new CEO

Published date:

February 2, 2026

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In the words of Jean-Louis van der Velde, the former CEO of Tether, "Paolo is extremely well-suited to lead Tether into this exciting new era. I believe Tether is poised to continue its rapid growth, with a continued focus on emerging markets and transformative technology."

Stablecoin issuer Tether (USDT) has undergone a change in leadership with the appointment of Paolo Ardoino as its new CEO. Ardonio will replace Jean-Louis van der Velde, who will switch to an advisory role at Tether whilst retaining his position as the CEO of Bitfinex, a crypto exchange.

I’m truly excited and humbled to take the role as CEO at #Tether.
During my journey, started in 2014 with Bitfinex and later in 2017 at Tether, I had the opportunity to meet wonderful people, that became great friends and a family. And as a family we achieved incredible results.… https://t.co/iaDbeKWIk3
— Paolo Ardoino (@paoloardoino) October 13, 2023

According to the press release, Ardoino will remain as the Chief Technology Officer of Bitfinex and the Chief Strategy Officer of app building platform Holepunch. Highlighting Ardoino’s role in raising USDT’s market capitalization to over $180B as of 2025, Tether praised its new CEO for his contributions to the stability and growth of the global crypto markets.

Going forward, Tether seeks the global expansion of the US Dollar (USD) alongside ensuring the fiat currency continues to remain useful in emerging markets.

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It is worth noting that Tether has continued to retain its standing as the largest stablecoin despite the tumultuous year for most cryptocurrencies. With its current market cap exceeding $180 billion, USDT remains the third largest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH).

Written by

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He’s a tech enthusiast who’s fascinated by the potential of blockchain technology.

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How we reviewed this article

All Bitcompare articles go through a rigorous review process before publication. Learn more about our Editorial Process and Risk Warning.

Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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