In the past few years, Tether (USDT) has become one of the most influential stablecoins on the broader cryptocurrency market. It is the most traded crypto globally, with an average intraday trading volume of $51.57 billion.
According to recent data from, Jesse Spiro has joined the board as the Head of Government Affairs with Tether. Before his recent onboarding he served as head of regulatory relations BCDC with PayPal, where Spiro joined in August 2021 and acted before onboarding Tether.
The available information notes that Spiro began working with Thomson Reuters as an Analyst in June 2015 and served in the same position till December 2017. Later, he was promoted to the Head of Specialist Research Americas/MENA/ Europe, where Spiro worked for one year and six months.
Spiro served as the Global Head of Threat Finance & Emerging Risks with Refinitiv for one year and one month; after that, in January 2019, he joined Chainalysis Inc. as Global Head of Policy and worked for two years and one month.
When Spiro left Chainalysis Inc., at the time he was serving as Chief Government Affairs Officer.
Following his onboarding to Tether, Spiro said, “ I’m thrilled to step into this role with Tether,” adding, “ Tether plays a significant role in the current and future development of the digital economy and U.S. dollar hegemony. The ever-evolving legislative and regulatory landscape will continue to require strong collaboration between the public and private sectors. Through education and engagement, I look forward to working with industry, lawmakers, and government agencies as we continue to grow Tether and the ecosystem together.”
Tether’s CEO Paolo Ardoino said, “ We are excited to welcome Jesse to the Tether team. His deep expertise in government relations and blockchain technology will be invaluable as we continue to navigate the complex and rapidly changing regulatory environment. Jesse’s appointment reinforces Tether’s commitment to responsible innovation and leadership in the digital asset space.”
Earlier on September 13, Todayq wrote that the United Kingdom High Court officially acknowledged Tether as a property under English law. The judgment is essential for digital assets, indicating that it can be regulated like any other type of property.
In a finding, a blockchain analysis firm highlighted that the total payment for stablecoins in Singapore had acquired $1 billion. Per more claims, the growth in overall transactions was fueled by the surge in USDT trading over the region and worldwide.
Crypto Market Price Update
When writing the fear and greed index powered by CoinMarketCap, it was at 38, demonstrating a fear sentiment all across the market. At the same time, the cryptocurrency market capitalization was $2.01 trillion, with a surge of 3.09% intraday.
In the 24 hours, Bitcoin prices have significantly reversed, adding more than 3.50% to its price, attaining $60,162. Its trading volume rose by over 8.20%, and its market cap surged by 3.72% in the same period.
The intraday gainers’ list is topped by Nervous Network (CKB) as its price grew 39.42%, reaching $0.01409, and Pol (ex-matic) POL added 10.68%, reaching $0.4162.
