Richard Heathcote, former Chief Investment Officer of Tether, is looking to sell part of his 1.26% stake in the private stablecoin company. Working with PJT Partners, the sale could reveal Tether's private market value, potentially around $50 billion, given USDT's $184 billion circulation. This move comes as Tether pauses a major fundraising and prepares for a full audit by a Big Four firm, which could influence institutional investor confidence. The sale could set a benchmark valuation for Tether, contrasting with its main competitor Circle, which is publicly valued.
Tether has invested $20 million in Mercado Bitcoin to support the Brazilian company's expansion in tokenized assets, blockchain payments, lending, and on-chain capital markets. Mercado Bitcoin plans to use the funds to enhance its payments infrastruc...
Tether plans to bring USDT back to Bitcoin using the RGB protocol, with UTEXO leading the rollout potentially starting in July 2026. This move revives USDT's original Bitcoin roots, offering native stablecoin transactions on Bitcoin's secure UTXO mod...
U.S. President Donald Trump expressed strong support for cryptocurrency, emphasizing the need for America to lead in digital assets to compete with China. He criticized previous regulatory approaches that hindered crypto industry growth. Meanwhile, s...
Tether has invested $20 million in Mercado Bitcoin, a leading regulated digital asset platform in Latin America serving 4.5 million customers. This investment aims to support Mercado Bitcoin's expansion in tokenized investments, payments, credit, and...
Richard Heathcote, former Chief Investment Officer of Tether, is seeking to sell part of his 1.26% stake in the company through PJT Partners. This personal sale, approved by Tether, could provide insight into Tether's private market valuation, previo...
