According to Bloomberg, sources revealed that Richard Heathcote, former Chief Investment Officer of Tether, is collaborating with PJT Partners to sell a portion of his 1.26% stake in Tether. He is currently in discussions with potential buyers, and no valuation has been disclosed yet.
Previously, Richard Heathcote stepped down from his role as Tether’s Chief Investment Officer in March this year and transitioned to an advisory position.[Foresight News]