Tether has taken a new step to increase transparency in the use of stablecoins. According to the announcement made on July 15, Chainalysis' former chief economist Philip Gradwell has been appointed as Tether's head of economics. Gradwell will be responsible for communicating USDT usage to regulators and stakeholders.

Gradwell will examine USDT data from around the world. USDT has seen billions of dollars in daily trading volume since 2017. According to Messari data, stablecoin volume in the last 24 hours was $32.23 billion.

By focusing on understanding the practical use of digital assets, Gradwell aims to explain how USDT supports dollar hegemony. We are waiting your comments.