Tether has appointed Simon McWilliams as its new CFO to enhance financial transparency and audit readiness in the stablecoin market.
Tether aims to improve regulatory compliance and openness with the appointment of McWilliams, who has over two decades of financial expertise.
Competition between Tether and Circle's USD Coin (USDC) is intensifying, with different stances on control and decentralization.
In addition to its digital assets dominance, Tether has acquired a majority stake in Adecoagro SA, a South American agro-industrial company, signaling a diversification strategy.