15 July 2024 – Tether, the largest company in the digital assets industry, today announced the appointment of Philip Gradwell as Head of Economics where he will be responsible for quantifying the Tether economy and communicating the ways Tether is used, to regulators and stakeholders. 

Philip brings more than six years of expertise in analyzing the use cases of digital assets from his time as Chief Economist at Chainalysis, one of the world’s premier blockchain analytics firms. Philip’s extensive background in deep blockchain research, data science, product development, and engaging regulators uniquely positions him to contribute significantly to Tether’s mission of a future-proof financial and tech ecosystem. 

Throughout his career, Philip has consistently pushed the frontier of measuring digital asset activity, helping to mature the industry to the point where it now represents a real economy.

“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,” said Philip. “Many people still view digital assets as a mystery, partly due to the industry’s focus on technology rather than practical use cases. My goal at Tether is to shift this conversation towards understanding how digital assets are used in the real economy, and how USDT is supporting dollar hegemony.”

“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,” said Paolo Ardoino, CEO of Tether. “As the first and most widely used stablecoin, USDT conveniently and securely brings the US dollar to people globally. This not only enhances the liquidity and stability of the US financial system but also reinforces the role of the dollar in global finance thereby supporting dollar hegemony. Philip’s expertise will enable Tether to bring even further understanding to our indispensable role in supporting the dollar.”

Philip’s appointment underscores Tether’s commitment to advancing the understanding of digital asset adoption. His expertise will be instrumental in reinforcing Tether’s position as a leading digital asset and enhancing communication with regulatory bodies and stakeholders.