Tether has reaffirmed its commitment to transparency by pledging to complete a “full audit” following the appointment of Simon McWilliams as its new Chief Financial Officer (CFO).
In a statement released on March 3, the USDT stablecoin issuer described McWilliams as a seasoned finance executive with over two decades of experience guiding major investment firms through stringent audits.
According to the firm, his appointment signals a strategic move to enhance regulatory compliance and improve industry standards.
Tether’s CEO Paolo Ardoino emphasized that McWilliams’ expertise in financial audits makes him the ideal candidate to drive the company’s push for greater transparency.
He stated:
“With his leadership, we are moving decisively toward a full audit, reinforcing our role in supporting US financial strength and expanding institutional engagement.”
Alongside McWilliams’ appointment, Tether has announced a leadership transition. Giancarlo Devasini, who previously se
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