Richard Heathcote, the former chief investment officer of Tether, is looking to sell a portion of his 1.26% stake in the stablecoin issuer USDT. He is working with advisory firm PJT Partners to find potential buyers. Heathcote transitioned to a non-executive advisory role in March and was replaced by his deputy. This move comes as Tether scaled back its fundraising plans after investor resistance to a high valuation, despite reporting a $10 billion profit in 2025. The sale could affect ownership dynamics in the largest stablecoin company by market cap.
In 2026, USDC surpassed USDT in adjusted stablecoin transaction volume, handling about 70% of real economic activity despite USDT maintaining a larger market cap. This shift reflects a bifurcation in the stablecoin market: USDC dominates institutiona...
Tether is set to launch USDT as a native asset on Bitcoin using the RGB protocol within weeks, restoring the stablecoin to its original blockchain since its 2014 Omni Layer debut. This integration with Bitcoin's UTXO model and Lightning Network will ...
The stablecoin market has grown to about $300 billion, with Tether (USDT) and USD Coin (USDC) strengthening their dominance. USDT leads with a market cap of around $186 billion, and USDC follows with about $70 billion, while other stablecoins remain ...
Tether is reissuing its USDT stablecoin natively on Bitcoin using the RGB protocol, marking a return to its original blockchain since its 2014 launch. This move, led by UTEXO which received $7.5 million in seed funding mainly from Tether, introduces ...
Circle's USDC stablecoin led the stablecoin market in the first half of 2026, accounting for about 70% of adjusted transaction volume, far ahead of Tether's USDT at 25%. In June 2026, stablecoin transaction volume reached a record $1.79 trillion, a 6...
