Most Influential 2021: Paolo Ardoino

Tether’s unofficial hype man is willing to argue online with critics of the stablecoin.

AccessTimeIconDec 8, 2021 at 5:29 p.m. UTC
Updated May 11, 2023 at 6:26 p.m. UTC
Layer 2

U.S. lawmakers signaled this year that stablecoins may be a threat to financial stability and could prove to be systemically important beyond crypto. Often unnamed in official reports, tether is never far from mind. The largest stablecoin, by far, USDT has ballooned this year along with the crypto market (it’s worth $76 billion at the time of writing). Paolo Ardoino is the company’s chief technology officer, tasked with coding the stablecoin project that lives on multiple blockchains. He’s also the project’s unofficial hype man, willing to argue online with critics of the stablecoin, who raise concerns about the stablecoin’s backing.

CoinDesk - Unknown
(Kevin Ross/CoinDesk)


DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about