Ex-tether CIO Aims to Divest Stake in Stablecoin Firm

WHO:

Cointelegraph - Richard Heathcote, former Chief Investment Officer of Tether Holdings SA

Bloomberg Markets - Tether Holdings SA, a stablecoin issuer

WHAT:

Bloomberg Markets - Richard Heathcote is planning to sell a small stake in Tether Holdings SA.

Cointelegraph - Tether has stated it has no plans to go public.

WHERE:

Bloomberg Markets - Tether Holdings SA, a company involved in the stablecoin market

WHY:

Bloomberg Markets - The sale of Heathcote's stake is reported amidst a broader context where other crypto companies are pursuing or delaying initial public offerings (IPOs).

(UPDATED July 6, 2026 23:23 UTC)

Richard Heathcote, the former Chief Investment Officer of Tether Holdings SA, is planning to sell a small stake in the company, which is a key player in the stablecoin market. Tether has clarified that it has no intentions of going public, even as other crypto companies navigate their own paths toward initial public offerings. This move comes at a time when the crypto industry is experiencing a mix of pursuits and delays regarding IPOs.