Share this article
Tether Hires Former Bank Analyst as Chief Compliance Officer
Tether, the company behind the dollar-tied USDT, has hired a chief compliance officer from the eighth-largest bank in North America.
Updated Sep 13, 2021, 8:09 a.m. Published Jul 12, 2018, 5:40 p.m.
Tether, the company behind the controversial, dollar-tied "stablecoin" known as USDT, has hired a chief compliance officer from the eighth-largest bank in North America.
Leonard Real is a former anti-money laundering (AML) analyst for the Bank of Montreal, where he worked for four years in three different positions.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The hiring announcement comes less than a month after Tether released the results of a review by Freeh Sporkin & Sullivan, LLP which stated the law firm was "confident" the USDT token is fully backed by dollar reserves.
That review, which itself came months after the relationship between Tether and auditing firm Friedman "dissolved," largely failed to assuage critics, who assert that the token isn't fully backed and has been used as a tool to inflate cryptocurrency prices.
, Real said that he looks forward to "helping showcase Tether's commitment to transparency and regulatory compliance within the blockchain and cryptocurrency space."
"As a longtime advocate of blockchain technology and the integration of cryptocurrencies into the mainstream, I am looking forward to putting my experience in AML and regulatory compliance in traditional financial institutions to use, to ensure that the Tether project can continue its work disrupting traditional industries," he went on to say.
Tether has overlapping management and ownership with the cryptocurrency exchange Bitfinex, which earlier this year tapped a former Bank of Montreal executive to serve as its chief compliance officer.
As reported at the time by Crowdfund Insider, Bitfinex hired former BMO director of AML Peter Warrack in May.
Bank of Montreal image via Shutterstock
Sizin için daha fazlası
KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market
Tarafından sipariş edildiKuCoin
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Bilinmesi gerekenler:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Tether adds nearly $800 million in bitcoin, bringing holdings above 96,000 BTC
The purchase is part of Tether's strategy to use up to 15% of its quarterly profits for bitcoin acquisitions.
What to know:
- Tether added 8,888.88 BTC to its treasury wallet as part of its Q4 2025 profit allocation.
- The purchase is part of Tether's strategy to use up to 15% of its quarterly profits for bitcoin acquisitions.
- Tether's approach allows it to diversify reserves without affecting the assets backing its stablecoin liabilities.
Top Stories
