Tether appointed Simon McWilliams as its new chief financial officer on Mar. 3, aligning with its move toward a full financial audit.

He replaces Giancarlo Devasini, who will become chairman of the group.

McWilliams brings over 20 years of experience in finance, specializing in investment management and auditing.

Tether is known for its stablecoin, pegged to traditional currencies, helping users avoid price volatility in cryptocurrency transactions.

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