Paolo Ardoino
Paolo Ardoino | |
|---|---|
| Born | 1984 Cisano sul Neva, Italy |
| Occupation(s) | Entrepreneur, computer scientist |
| Years active | 2011–present |
| Known for | CEO of Tether, CTO of Bitfinex |
Paolo Ardoino (b. 1984) is an Italian entrepreneur and computer scientist who has held the position of CEO at Tether since December 2023.[1] Additionally, he serves as the Chief Technology Officer at Bitfinex.[2]
Early life and education
Ardoino was born in 1984 in Cisano sul Neva, Italy. He began programming at the age of eight and later obtained a bachelor's degree in computer science from the University of Genoa.[3]
Career
Following his graduation, Ardoino conducted research at the University of Genoa focusing on cybersecurity and cryptography for defense-related projects until 2011.[4][5]
In 2013, he established Fincluster in London, where he developed cloud-based financial software solutions for fund managers operating in London, Milan, and Lugano.[6]
Ardoino joined Bitfinex in 2014 as a software engineer,[1] and was promoted to Chief Technology Officer in 2016.[7] He took on the role of CTO at Tether in 2017.[4]
In 2022, Ardoino co-founded Holepunch, an open-source peer-to-peer platform.[8] That same year, he partnered with the mayor of Lugano to facilitate municipal payments using Tether and other cryptocurrencies.Cite error: The opening <ref> tag is malformed or has a bad name
Appointed CEO of Tether in December 2023,[4] Ardoino manages USDT, which is the largest USD-backed stablecoin by market capitalization,Cite error: The opening <ref> tag is malformed or has a bad name while Bitfinex ranks second worldwide for Bitcoin holdings.Cite error: The opening <ref> tag is malformed or has a bad name Under his leadership, Tether has allocated approximately $2.5 billion toward sustainable energy and technology ventures, including a $1 billion investment in AI company Northern Data[9] and $200 million for acquiring a majority stake in brain implant firm Blackrock Neurotech.Cite error: The opening <ref> tag is malformed or has a bad name These financial commitments are funded from corporate earnings rather than client funds.[6]
Ardoino has also overseen Tether’s involvement in El Salvador’s Volcano Energy project, which promotes Bitcoin adoption through renewable energy and aims to raise up to $1 billion,[10] as well as initiatives supporting renewable energy-powered Bitcoin mining operations in Uruguay.Cite error: The opening <ref> tag is malformed or has a bad name
References
- ↑ 1.0 1.1 Cite error: Invalid
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- ↑ "Paolo Ardoino (Tether): "L'aumento delle tasse sui Bitcoin farà scappare dall'Italia cervelli e capitali"". la Repubblica. October 18, 2024.
- ↑ 4.0 4.1 4.2 Cite error: Invalid
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