Tether Chief Investment Officer Richard Heathcote Steps Down, Zachary Lyons Takes Over

LootboxPhobia · 2026-03-13T14:53:40+00:00

Stablecoin issuer Tether announced that Chief Investment Officer Richard Heathcote is stepping down, with his deputy Zachary Lyons taking over the role. Heathcote will focus on family matters but will remain with the company as an advisor. Lyons will be responsible for the company's technology and infrastructure investments, and previously participated in the transaction involving the acquisition of Juventus shares. Tether is the world's largest stablecoin issuer, with its dollar-pegged tokens in circulation reaching $184 billion.

LootboxPhobia

2026-03-13 14:53:40

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Investing.com – Stablecoin issuer Tether announced on Thursday that Chief Investment Officer Richard Heathcote will step down and be replaced by his deputy, Zachary Lyons.\n\nAccording to the company's statement, Heathcote's departure is to focus on personal and family matters. He will remain with the company as a non-executive advisor.\n\nTether stated that during Heathcote's tenure, he established partnerships with some of the largest financial institutions in the United States.\n\nThe incoming Chief Investment Officer, Lyons, will lead the company's investments in technology and infrastructure, aligning with Tether's long-term vision.\n\nThis new CIO previously participated in Tether's transaction to acquire a stake in Italian football club Juventus. In October 2025, Lyons was one of two candidates submitted by Tether for consideration to join Juventus's board of directors.\n\nThe company's CEO previously stated that in recent years, Tether has built an investment portfolio of over 120 companies through venture capital. The company's investments include acquiring a South American agricultural company and a stake in Juventus.\n\nTether is headquartered in El Salvador and is the world's largest stablecoin issuer, with a circulating supply of USD-pegged cryptocurrencies reaching $184 billion.\n\n_This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use._

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