tether USDT
-0.06%
The world’s largest stablecoin issuer, On Friday, we announced the appointment of Jesse Spiro as Director of Government Affairs. In this role, Spiro will be responsible for leading policy and engagement efforts with lawmakers, regulators, and key stakeholders.
According to a company blog post, Spiro has over six years of experience in government and regulatory relations in the blockchain space.
Spiro most recently served as PayPal’s Head of Regulatory Affairs for its Blockchain and Digital Currency division for three years. Prior to that, he served as Chief Government Affairs Officer at Chainalysis, a blockchain analytics firm.
“Tether plays a critical role in the current and future development of the digital economy and the U.S. dollar hegemony,” Spiro said. “The ever-changing legislative and regulatory environment will continue to require strong collaboration between the public and private sectors. We look forward to working with industry, legislators, and government agencies to grow Tether and the ecosystem together through education and engagement.”
Tether issues the world’s largest stablecoin, USDT, with a market cap of $118 billion, according to The Block’s USDT price page. The company’s quarterly earnings report, released in July, showed record net income of $5.2 billion in the first half of 2024. This growth has set the stage for Tether to double its existing workforce to around 200 employees by mid-2025.
Recently, Tether joined forces with TRON and TRM Labs to establish the T3 Financial Crimes Unit (T3 FCU), an initiative that promotes public-private collaboration to combat illicit activity using USDT on the TRON blockchain.
“I am thrilled to have Jesse join the Tether team,” said Tether CEO Paolo Ardoino. “His deep expertise in government relations and blockchain technology will be invaluable as we continue to navigate a complex and rapidly changing regulatory environment. Jesse’s appointment reinforces Tether’s commitment to responsible innovation and leadership in the digital asset space.”
Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.
© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.