Tether, the stablecoin giant, has announced the appointment of Simon McWilliams as its new Chief Financial Officer (CFO).

Binance plans to delist Tether's USDT to EU-based customers to comply with MiCA. European users will still be able to withdraw assets until midnight on March 31.

McWilliams will guide Tether toward greater transparency while longtime CFO Devasini transitions to Chairman. The stablecoin issuer holds over $113 billion in US debt but faces criticism over audit practices.

EU customers can convert their holding MiCA-compliant alternatives like USDC ahead of deadline.

Tether, Inc. hired Simon McWilliams as its new CFO, shifting Giancarlo Devasini into the role of Chairman for macro strategies.

TL;DR Giancarlo Devasini, CFO and controlling shareholder of Tether, will transition into the role of Chairman of the company. Simon McWilliams has been appointed the new CFO to lead the transition towards a full financial audit of the company.

The stablecoin issuer said it is making a "firm commitment" to completing a full audit following the appointment.

Binance will delist several stablecoins in the European Economic Area (EEA) to align with the Markets in Crypto-Assets Regulation (MiCA). The exchange will remove spot trading pairs for EEA users, affecting nine stablecoins, including Tether's USDT and Dai.

Tether has reaffirmed its commitment to transparency by pledging to complete a “full audit” following the appointment of Simon McWilliams as its new Chief Financial Officer (CFO).

Tether has hired a chief financial officer to tackle lingering audit concerns.

This change will involve assets such as USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG.

Binance announced plans to delist all non-MiCA compliant stablecoins for European Economic Area users by March 31, 2025, directing customers to switch to compliant alternatives like USDC and EURI.

The stablecoin giant is moving toward a comprehensive financial audit as it expands its global operations

TL;DR Binance Delisting: Binance will delist several non-MiCA-compliant stablecoins (including USDT, DAI, TUSD, and USDP) in the EEA by March 31 to comply with EU MiCA regulations. Service Impact: Spot and margin trading pairs involving these stablecoins will be restricted, with limited effects on holding, conversion, and withdrawals.

Crypto firm Tether has appointed Simon McWilliams its new chief financial officer, the company said on Monday.

The news of Tether's delisting comes as the firm appoints a new CFO in a “historic step” towards a full financial audit.

Binance will delist trading pairs for nine stablecoins in the European Economic Area (EEA) by March 31, according to a March 3 statement. According to the exchange, this decision aligns with its efforts to comply with the European Union's Markets in Crypto-Assets (MiCA) framework, which introduces stricter regulations for digital assets.

The move, set to take effect on March 31, will impact nine stablecoins, including Tether (USDT), First Digital USD (FDUSD) and Dai (DAI).

Binance, one of the world's largest cryptocurrency exchanges, has announced plans to delist nine stablecoins in Europe by March 31 to comply with new European Union regulations. While users in the EEA will no longer be able to trade these stablecoins, Binance will continue to offer custody and conversion services.

Tether CEO Paolo Ardoino explained that the concept involves the installation of solar-powered kiosks in Africa to recharge batteries, with payments made through a monthly subscription in bitcoin, USDT, or local currency.

The XRP token beat Tether to claim the title of the third-largest crypto after Bitcoin and Ethereum.

Tron (TRX) is demonstrating its status as a dominant force in the realm of altcoin transactions. The network has established itself as one of the busiest blockchain networks by capturing a significant 42% proportion of all altcoin transactions.

Tether's USDT has achieved the fastest deployment of a stablecoin on any blockchain, reaching $1.4 billion issued on TON in just ten months. This is according to data by Artemis and Ournetwork.

LATAM continues to expand in terms of the cryptocurrency scene. This week's highlights included the Avalanche Foundation introducing the Avalanche Card, a credit card for users in Latin America and the United States.

Tron processes 14 million USDT transactions weekly and accounts for 69% of global USDT activity.

A $1.4 billion Bybit hack, efforts to "Kill Tether" and a Bitcoin price crash headline a rough week for the crypto markets.

Ardoino remarked that he envisions a financial reset that would bring fiat currencies to their knees, rendering USDT useless. In this dire situation, bitcoin will become the only alternative to avoid devaluation and hyperinflation.

TRON, one of the leading blockchain networks, has achieved a significant milestone with its USDT supply reaching an all-time high. This surge in USDT circulation marks a new chapter for the blockchain, indicating rising liquidity, stronger adoption, and an expanding influence in the broader cryptocurrency ecosystem.

TRON's USDT supply has hit an all-time high, signaling greater adoption and liquidity.

PayPal CEO emphasized blockchain's role in real-world payments, positioning PYUSD as a key player in the digital economy.

PayPals launch of its PYUSD stablecoin highlights a growing shift toward crypto-powered payments, a vision Rezolve Ai (RZLV) has been pioneering in partnership with Tether. As PayPal steps into the space, Rezolve Ais foresight in enabling stablecoin transactions for everyday commerce is further validated, reinforcing its leadership in blockchain-based retail solutions.

Chatter on social media suggests a new stablecoin law proposal that could bar offshore stablecoin issuers like Tether from holding US Treasuries.

The stablecoin payment option will initially be available at Metro Paragon and Metro Woodlands locations.

Tether CEO Paolo Ardoino discussed the company's digital dollar, AI development, and brain-computer interfaces in an interview with Black Box, which he says is “probably the podcast I'm most proud of.

GRVT (pronounced ‘gravity'), a hybrid exchange making waves as the world's first regulated decentralized exchange (DEX), has announced a new trading event designed to reward its users and showcase the power of algorithmic trading.

The bosses of Circle and Tether both set out their views on U.S. regulation in what some in the crypto community call a "stablecoin war."

TRON is rolling out a Gas-Free feature that allows users to pay for transactions using USDT, eliminating the need for TRX as gas fees. Sun confirmed that this update will go live within the next week.

PayPal is gearing up to significantly expand the use of its PYUSD stablecoin, leveraging its vast network of over 20 million merchants in 2025.

Tether CEO Paolo Ardoino claims that rival stablecoin issuers and political entities are using regulatory tactics to push Tether out of the market.

PayPal Holdings announced that it would integrate its PYUSD stablecoin into more products this year in 2025, challenging the likes of dominant players like Tether (USDT) in the sector. for this, the payments giant will leverage its existing global network of 20 million merchants which can give an instant boost to its stablecoin adoption.

Tether CEO Paolo Ardoino has expressed concerns about competitors targeting its stablecoin business with regulations. In a post on X, he claimed that other stablecoin issuers are trying to use lawfare to kill the USDT issuer instead of building a better product.

Tether CEO Paolo Ardoino says USDT will help to successfully keep the US dollar on top of the global financial power structure. In a new post to the social media platform X, Ardoino makes his argument for why USDT is the “most successful tool” for the US dollar maintaining its hegemony.

TRON (TRX) will introduce gas-free transfers of USDT from next week, boosting the chain's liquidity. Despite the cheap transactions on TRON, USDT transfers are among the most expensive compared to ETH or BNB Smart Chain.

Tether CEO Paolo Ardoino has criticized competitors for using regulatory pressure to weaken USDt's dominance in the US.

The gas-free feature is expected to launch next week.

Justin Sun said that Tron (TRX) is about to debut Gas Free feature for Tether's USDT transactions amid a surge in gas fees.

Tether CEO Paolo Ardoino accuses competitors of using "lawfare" to undermine USDT, highlighting its global reach and crucial role in providing financial access to underserved communities. The post Tether CEO Highlights USDT's Global Reach and Accuses Competitors of Lawfare appeared first on Cryptonews.