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Ex-Tether Investment Chief Seeks to Sell Portion of 1.26% Stake in Firm

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Richard Heathcote, former investment chief at Tether, is looking to offload a small portion of his 1.26% stake in the stablecoin issuer, according to Bloomberg. Heathcote has reportedly engaged investment bank PJT Partners to help identify potential buyers. The move follows his transition from an executive role to an advisory position at the company. Tether is the issuer of USDT, one of the world's largest stablecoins by market capitalization.

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