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JUST IN: Tether's Ex-CIO Selling Part of His 1.26% Stake
Bloomberg reports Richard Heathcote, Tether's former CIO, is working with PJT Partners to sell a portion of his stake. Buyer talks already underway, with Tether's approval.
Why it matters:
🔹 At the reported $500B valuation target, 1.26% = ~$6.3 BILLION
🔹 Rare price marker for crypto's most secretive private company
🔹 Comes as Tether awaits its first full Big Four audit
$USDT = $184B market cap, ~59% stablecoin dominance. A completed deal finally puts a real number on Tether.
Not officially confirmed yet, sourcing is Bloomberg's insiders.