Paolo Ardoino


Finance

Tether Nets $5B Profits This Year, Says Its U.S. Debt Holdings Surpassed Germany's

The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.

Tether CEO Paolo Ardoino (Tether)

Finance

Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push

Users can mint new tokens using the company's new Alloy platform, which will be part of Tether's upcoming tokenization venture, CEO Paolo Ardoino said.

All but one of the recently launched spot bitcoin exchange-traded funds (ETF) charge a lower fee than the largest gold ETF, making them a cheaper investment into a gold-like asset. (Unsplash)

Consensus Magazine

Paolo Ardoino: The Hardest Working Man in Crypto

The newly promoted CEO of Tether is looking to diversify the firm's investments after a banner year where the stablecoin giant is on track to profit $4.5 billion.

Tether CEO Paolo Ardoino (Mason Webb/CoinDesk)

Finance

Tether Promotes Paolo Ardoino to CEO

Former CEO Jean-Louis van der Velde will transition into an advisory role at Tether.

Tether CEO Paolo Ardoino (Tether)

Videos

Paolo Ardoino: Tether's Stress Test

The role of the stablecoin is to always ensure customers get a one-to-one redemption to the dollar, says Paolo Ardoino, chief technology officer of Tether, the firm stablecoin USDT, and its affiliate cryptocurrency exchange Bitfinex. Scrutiny on the world’s largest stablecoin has been increasing in the past month due to the latest USDT depegging scare. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Ardoino breaks down the USDT reserves, how the firm’s investment in U.S. treasuries is generating profits and discusses why secondary market traders can trigger USDT depegging concerns.

Word on the Block

Markets

USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High

Rival stablecoin tether (USDT) has reached its largest market share since May 2021 and now represents 60% of all stablecoins in circulation.

Jeremy Allaire, CEO of Circle (CoinDesk)

Finance

Tether’s Paolo Ardoino Says Bitcoin Adoption in Lugano, Switzerland, Going Well

The bitcoin push is part of the city's "Plan B," which includes hosting a crypto conference this week.

Paolo Ardoino. (Ingrid Weel/Bitfinex)

Videos

LUNA Surges 17% as UST Becomes the Third Largest Stablecoin

TerraForm Lab’s UST has become the third-largest stablecoin, meanwhile there’s a 17% spike in the LUNA governance token’s price. “The Hash” group discusses the race to capture the stablecoin market, comments made by Tether’s Paolo Ardoino and the differences between asset-backed and algorithmic stablecoins.

CoinDesk placeholder image

Markets

Tether's Paolo Ardoino on UST: 'It's All Fun and Games' Until You're a $100B Coin

The algorithmic stablecoin's growth has surpassed its larger rivals.

Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Twitter/Bitfinex, modified by CoinDesk)

Markets

Tether Just Won't Go Away. Does the Crypto Market Care?

As the crypto market continues to rally, an old debate reignites on whether the most important stablecoin in trading is really stable.

Tether Chief Technology Officer Paolo Ardoino. Tether issues the USDT stablecoin.

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