#richard heathcote

The post Tether Equity Stake Sale: Richard Heathcote’s Planned Exit appeared on BitcoinEthereumNews.com. One of the most opaque corners of the crypto industry just got a rare crack of light. Richard Heathcote, the former chief investment officer of Tether Holdings SA, is planning a Tether equity stake sale — offloading part of his 1.26% holding in the issuer of USDT, the world’s largest stablecoin by circulating supply. The process is being managed by Wall Street investment bank PJT Partners, according to Bloomberg, which first reported the development citing sources not authorized to speak publicly. Key takeaways Richard Heathcote holds a 1.26% stake in Tether Holdings SA and is selling part of it via PJT Partners. No buyer or sale price has been disclosed; negotiations are ongoing. Heathcote stepped down as CIO in March 2026 and moved into a non-executive advisory role, replaced by deputy Zachary Lyons. Tether has historically disclosed almost nothing about its capitalization table o

The post Ex-Tether CIO plans to sell a piece of his stake in the crypto giant appeared on BitcoinEthereumNews.com. Richard Heathcote, who until March was Tether’s chief investment officer, is planning to sell part of his 1.26% stake in the stablecoin giant, according to a Bloomberg report. Heathcote is working with PJT Partners to sell his holding in the San Salvador, El Salvador-based company, Bloomberg said, citing sources close to the matter. The sources said discussions with potential buyers were ongoing. They declined to comment on the company’s potential valuation. Heathcote took on a non-executive advisory role at the issuer of USDT, the largest stablecoin by market capitalization, in March, and was replaced by his deputy Zachary Lyons. In February, Tether scaled back from plans to raise as much as $20 billion after facing investor resistance to a proposed $500 billion valuation that would rank the stablecoin issuer among the world’s most valuable private companies. Tether advis

Former Tether CIO Richard Heathcote reportedly seeks to sell part of his stake as USDT leads stablecoins and Tether stays private this year.