Tether Insider Sells Stake Amid European Regulatory Crackdown

Former Tether CIO Richard Heathcote is planning to sell part of his stake in the stablecoin issuer, Bloomberg reports. Heathcote holds a 1.26% ownership in Tether and plans to sell only a portion of that.

The sale is significant because it provides rare insight into the ownership structure of Tether, which remains privately held despite being one of the most profitable businesses in crypto. USDT (USDT) is the dominant stablecoin by market capitalization, with a circulating supply of around $184 billion and approximately 59% market share.

The planned sale comes as Tether faces increased regulatory pressure in Europe, including platform delistings after failing to comply with the EU's MiCA framework. This has created uncertainty for investors, who are watching closely how Tether responds operationally and commercially in regions tightening stablecoin rules.