Tether has appointed Philip Gradwell as head of economics to improve transparency on USDT usage to regulators.
Tether is planning to increase transparency on its stablecoin usage through a new hire.
According to a July 15 announcement, Philip Gradwell, formerly chief economist at Chainalysis, has been appointed as the company’s head of economics. Gradwell will be in charge of quantifying and communicating Tether’s USDT usage to regulators and stakeholders.
After six years at blockchain analytics firm Chainalysis, Gradwell will now examine USDT data worldwide. Since 2017, USDT has seen daily trading volumes in the billions of dollars. The stablecoin volume over the past 24 hours was $32.23 billion, according to Messari data.
