**Tether Boosts Transparency with New Hire**

Tether is stepping up its game in transparency by appointing Philip Gradwell, former chief economist at Chainalysis, as its new head of economics. Announced on July 15, Gradwell will focus on quantifying and communicating USDT usage to regulators and stakeholders.

Gradwell aims to demystify digital assets, emphasizing their real-world applications. His role will involve engaging with regulators, especially in the U.S., where Tether has had a mixed relationship.

Tether's USDT has seen daily trading volumes in the billions, with a recent 24-hour volume of $32.23 billion. The stablecoin holds a 69% market dominance, with a market cap of $112 billion.