Heathcote Sells Stake in Tether Amid Regulatory Pressures

Richard Heathcote, former chief investment officer of Tether, is putting part of his 1.26% stake in the stablecoin issuer up for sale. The sale, managed by PJT Partners, could provide a rare valuation marker since Tether is privately held and not publicly traded.

Tether remains profitable and dominant in the stablecoin market with USDT holding nearly 59% market share. Despite regulatory pressures in Europe and ongoing debates about IPOs in the crypto sector, Heathcote's sale highlights investor interest in stablecoin growth exposure without public listings.