Richard Heathcote, who previously served as chief investment officer at Tether Holdings SA, is planning to sell a portion of his stake in the stablecoin issuer, according to people familiar with the matter cited by Bloomberg. Heathcote oversaw Tether’s investment portfolio until earlier this year. The reports say he is seeking buyers for part of his holding, described as a 1.26% stake in Tether. The information provided does not specify the size of the stake to be sold, the timing of the potential transaction, or whether any particular buyers have been identified. The outlets also do not indicate whether the sale would be conducted through a direct agreement, an exchange process, or another mechanism. The reporting centers on Heathcote’s personal plans rather than changes at Tether’s operating or corporate leadership. No details are given about the valuation, expected proceeds, or any regulatory or market conditions that might affect the sale.