PANews reported on July 15 that according to The Block, Tether announced the appointment of former Chainalysis Chief Economist Philip Gradwell as its new head of economics. Gradwell will be responsible for quantifying the Tether economy and communicating Tether's usage to regulators and stakeholders. Gradwell worked at blockchain analysis company Chainalysis for six years. Gradwell said that in Tether, we have a real economy to analyze, as well as data and knowledge to analyze. "