Philip Gradwell Joins Tether as Head of Economics
Caroline Bishop Jul 15, 2024 13:16
Tether appoints Philip Gradwell, former Chief Economist at Chainalysis, as Head of Economics to enhance communication with regulators and stakeholders.
Tether, the largest company in the digital assets industry, has announced the appointment of Philip Gradwell as Head of Economics. Gradwell, who previously served as Chief Economist at Chainalysis, brings over six years of expertise in the digital assets sector to his new role. He will be responsible for quantifying the Tether economy and enhancing communication with regulators and stakeholders, according to tether.io.
Extensive Background in Digital Assets
Philip Gradwell's extensive background includes deep blockchain research, data science, product development, and regulatory engagement. His tenure at Chainalysis, a leading blockchain analytics firm, has equipped him with the skills needed to significantly contribute to Tether’s mission of creating a future-proof financial and tech ecosystem.
Gradwell has consistently pushed the boundaries in measuring digital asset activity, helping mature the industry to the point where it now represents a real economy. His insights and analyses have been pivotal in understanding the practical applications of digital assets, moving beyond the industry's initial focus on technology.
Goals and Vision at Tether
Expressing his enthusiasm, Gradwell stated, “I’m 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’m excited to use the power of data to build a common understanding of Tether’s applications.”
He emphasized the need to shift the conversation towards understanding how digital assets are used in the real economy and how USDT supports dollar hegemony. Gradwell aims to demystify digital assets and highlight their practical use cases, thereby fostering a broader acceptance and understanding.
Leadership Endorsement
Paolo Ardoino, CEO of Tether, expressed his excitement about Gradwell joining the team. “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,” Ardoino said. He added that USDT, as the first and most widely used stablecoin, enhances the liquidity and stability of the US financial system while reinforcing the role of the dollar in global finance.
Ardoino believes that Gradwell’s expertise will enable Tether to bring a deeper understanding of its indispensable role in supporting the dollar and the global financial system.
Commitment to Advancing Digital Asset Understanding
Gradwell’s appointment underscores Tether’s commitment to advancing the understanding of digital asset adoption. His role will be crucial in reinforcing Tether’s position as a leading digital asset and improving communication with regulatory bodies and stakeholders.
With Gradwell on board, Tether aims to further solidify its leadership in the digital asset space and continue its mission of supporting the global financial ecosystem through innovative solutions.
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