NewsHK
Across the stablecoin market, equity in the largest private issuers stays closely held and rarely surfaces on the open secondary market.
Richard Heathcote, the former chief investment officer of Tether, is seeking buyers for a portion of his 1.26% stake in the firm, Bloomberg reported.
The transaction as reported Tether carries no public listing, making secondary sales the principal route for shareholders who want to convert holdings to cash.
Transactions of this kind require finding a counterparty directly or through a specialist secondary platform. Heathcote is looking to sell part, not all, of the 1.26% position.
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