Paolo Ardoino has been appointed as the CEO of Tether, a position he assumed on December 1, 2021, after serving as the company's chief technology officer since 2017. Tether is expected to generate $4.5 billion in profits this year, and Ardoino has revealed that the company is prioritizing diversification and expansion. Tether will be focusing on becoming an infrastructure provider, and Ardoino believes that Keet, a communications app he is the chief strategy officer of, will be a significant driver of Bitcoin and USDT adoption. Tether is also investing in renewable energy and plans to construct hydropower facilities in Uruguay and geothermal facilities in El Salvador.