Tether has announced the appointment of Simon McWilliams as the new Chief Financial Officer, marking a significant step towards conducting a full audit.
Appointment of Simon McWilliams
Tether, a major stablecoin issuer, has appointed Simon McWilliams as its new Chief Financial Officer. This move is seen as a significant step towards achieving a full audit.
Goals and Responsibilities of the New CFO
McWilliams has over 20 years of experience in finance and auditing at large investment firms. His role will focus on enhancing Tether's transparency and preparing for regulatory requirements.
Importance of a Full Audit
Tether stated that McWilliams' appointment shows their commitment to completing a full audit. This audit is important for raising industry standards and improving regulatory engagement.
The appointment of McWilliams symbolizes Tether’s dedication to enhancing transparency and readiness for future auditing, potentially strengthening institutional investors' trust and support.
