Richard Heathcote is planning to sell a small stake in Tether Holdings SA, according to people familiar with the matter. Heathcote is working with PJT Partners to sell part of his holding of Tether, with discussions with potential buyers ongoing. Tether issues the world’s largest stablecoin, USDT, which has $184 billion in circulation, and earlier this year paused plans to raise money at a valuation as high as $500 billion.
- Tether's former Chief Investment Officer, Richard Heathcote, is planning to sell a portion of his stake in the stablecoin giant.
- Heathcote is working with PJT Partners to find buyers for his holding, with discussions currently ongoing.
- The sale comes as Tether, issuer of the $184 billion USDT stablecoin, faces increased scrutiny regarding financial transparency and awaits its first full audit.
Topics: Asset types, Infrastructure providers, Stablecoins digital cash, Tokenization platforms
Tags: #tether #usdt #stablecoin #richardheathcote #stakesale #pjtpartners #investmentportfolio #transparency #treasurysecurities
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