(Finance) – Tetherpioneer of the Stablecoin sector and broadcaster of the most important Stablecoin in the world (USDT), announced the Appointment by Simon McWilliams in Chief Financial Officer (CFO). McWilliams, an expert financial manager with over 20 years of experience in the guidance of large investment management companies through rigorous audit, will guide Tether’s further commitment for transparency and regulatory readiness, reads a note.
With the appointment of McWilliams, Tether He firmly committed to completing a complete audita crucial step to raise the standards of the sector and strengthen the regulatory commitment. While Tether already works with a BDO auditor, among the top five auditing companies in the world, “a complete audit will guarantee greater financial integrity and verification of reserves”, is underlined.
“Simon’s experience in financial audits makes him the perfect CFO to guide Tether in this new era of transparency – he said Paolo Ardoino, CEO by Tether – With his leadership, we are definitely moving towards a complete audit, strengthening our role in supporting the financial solidity of the United States and expanding institutional commitment “.
Tether, founded in 2014, is the company that created Stablecoin technology. USDT is the most important Stablecoin in the crypt world, a token that represents the value of 1 dollar in a stable and permanent way. With beyond 113 billion dollars in US Treasury securitiesTether is now the 18th US public debt holder.
Giancarlo Devasini will go from CFO to President of the group. In his new role, Devasini will focus on the macroeconomic strategy, guiding Tether while continuing to support the US financial system, while promoting the adoption of digital assets globally.