Stablecoin coin issuer Tether has appointed Philip Gradwell,
the former Chief Economist at Chainalysis, as its new Head of Economics. In a
statement on its website today, the company said the new hire will enable it to deepen its understanding of digital asset adoption and enhance
its communication with regulators and stakeholders.
Background in Blockchain Research
Gradwell brings over six years of experience in analyzing
digital assets from his tenure at Chainalysis, a blockchain analytics firm. He
has a background in blockchain research, data science, and product development,
coupled with his engagement with regulators.
Speaking about the new hire, Paolo Ardoino, the CEO of
Tether, mentioned: “We are thrilled to welcome Philip to the Tether team.
His extensive experience and proven track record in the digital asset space
make him the ideal person to lead our economic analysis efforts. Philip’s
expertise will enable Tether to bring even further understanding to our
indispensable role in supporting the dollar.”
Gradwell’s career has been marked by pushing the frontier of
measuring digital asset activity, helping to mature the industry. At Tether, he
aims to shift the conversation towards understanding how digital assets are
used in the real economy and how USDT supports dollar hegemony.
Analyzing the Tether Economy
Gradwell commented: “I am proud to have played a part in maturing
digital assets to the point where, in Tether, there is a true economy to
analyze and the data and knowledge to do so. Tether is the digital asset with
the greatest adoption, which puts it at the center of the future of money, and
I am excited to use the power of data to build a common understanding of
Tether’s applications.”
His role at Tether involves analyzing
the Tether economy and enhancing communication with regulatory bodies and
stakeholders. According to the company, his appointment will enable it to understand digital asset adoption and reinforce its position in the industry.
This article was written by Jared Kirui at www.financemagnates.com.
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