Tether is planning to increase the transparency of the use of stablecoins, and for this purpose, they have hired a new specialist. According to a July 15 publication, Philip Gradwell, former chief economist at Chainalysis, has been appointed head of the company’s economics department. He will be responsible for quantifying and informing regulators and stakeholders about the use of Tether USDT.
“Many people still view digital assets as a mystery, partly due to the industry’s focus on technology rather than practical use cases,” Gradwell said in a statement, adding that his goal at Tether is “to shift this conversation toward understanding how digital assets are used in the real economy, and how USDT is supporting dollar hegemony.”
Tether CEO Paolo Ardoino commented on Gradwell’s appointment, noting that his experience “will enable Tether to bring even further understanding to our indispensable role in supporting the dollar.”
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