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<p><strong>Tether is boosting transparency for its stablecoin by hiring Philip Gradwell as the new head of economics.</strong></p><h2 id="header-0"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><h2 id="header-1"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7ebe2aca3b9d4cc4a7e4ebb5e630e2a9.png" /><p></p><blockquote>Announced on July 15, Gradwell, who was previously the chief economist at Chainalysis, will work on measuring and explaining how Tether’s USDT is used to regulators and other interested parties.</blockquote><h3 id="philip-gradwell-joins-tether-to-enhance-usdt-transparency">Philip Gradwell Joins Tether to Enhance USDT Transparency</h3><p>After six years at Chainalysis, Philip Gradwell brings extensive experience in blockchain analytics to his new role at Tether. Gradwell will be responsible for analyzing USDT data on a global scale. Since its launch in 2017, USDT has consistently seen daily trading volumes in the billions, with its 24-hour trading volume recently reaching $32.23 billion, according to Messari data.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/6626c0f2520f4e77964cd0b5e201befc.png" /></p><p>Tether Announces New Head of Economics – Source: Paolo Ardoino</p><p>Gradwell noted that many people still find digital assets mysterious because the industry has focused more on technology than practical applications. His goal at Tether is to shift the focus towards understanding the real economic uses of digital assets and how USDT plays a role in maintaining dollar dominance.</p><h2 id="header-2"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><h3 id="philip-gradwell-to-enhance-tether-s-regulatory-engagement">Philip Gradwell to Enhance Tether’s Regulatory Engagement</h3><p>One of Philip Gradwell’s key responsibilities at Tether will be to engage with regulators, particularly in the United States. Tether’s relationship with federal agencies has been mixed, involving both cooperation and scrutiny.</p><p>In February 2021, Tether and its sister company Bitfinex settled with the New York Attorney General for $18.5 million, addressing claims that Tether misrepresented the amount of fiat collateral backing its tokens. As part of the settlement, Tether agreed to provide quarterly reserve reports for two years and was banned from operating in New York.</p><h2 id="header-3"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p>Recently, Tether has been working to improve its cooperation with government bodies. The company has onboarded the FBI to its platform and, in March, helped the US Department of Justice recover approximately $1.4 million in stolen USDT from an unhosted digital wallet. Tether stated that Gradwell will play a crucial role in enhancing communication with regulatory bodies and stakeholders.</p><p>USDT’s Market Dominance and the Need for Transparency</p><p>Government scrutiny of the crypto industry has affected USDT’s market share, but Tether has continued to grow its dominance. USDT now holds a 69% market share, significantly ahead of Circle’s USD Coin (USDC).</p><p>According to data from DefiLlama, USDT’s current market capitalization stands at $112 billion. This dominant position underscores the crucial need for transparency and effective regulatory engagement for Tether.</p><h2 id="header-4"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p><p><strong>#Usd </strong> <strong>#USDT </strong> <strong>#Mt.Gox </strong> <strong>#Kraken </strong> <strong>#Tether </strong> $BTC  $BNB $USDC</p>

Tether Hires Philip Gradwell for USDT Transparency

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