Richard Heathcote Seeks To Sell Part Of His 1.26% Tether Stake With PJT Partners

Richard Heathcote, Tether’s former chief investment officer, is seeking to sell part of his 1.26% stake in the stablecoin issuer, working with investment bank PJT Partners to market the holding to potential investors.

“The latest list of cryptocurrency platforms based on weekly active user numbers has been released”

Bitget

Bloomberg reported that the planned sale involves only part of his 1.26% ownership stake, and that Heathcote stepped down as Tether’s chief investment officer in March to take an advisory role after overseeing the stablecoin issuer’s investment portfolio.

bloomingbit

Tether issues USDt (USDT), described as the world’s largest stablecoin by market capitalization, with a circulating supply of roughly $184 billion and USDT accounting for roughly 59% of the stablecoin market, according to DefiLlama data.

The stake sale is framed as a rare look at ownership in Tether, which remains privately held despite becoming one of the crypto industry’s most profitable companies, while the sale also comes as Tether navigates regulatory pressure in Europe.

USDT’s European regulatory pressure is tied to MiCA-authorized platforms, with the TradingView report saying USDT has been delisted by a growing number of MiCA-authorized platforms after Tether opted not to comply with the European Union's crypto framework.

TradingView adds that Revolut announced this month that it will remove the stablecoin from its platform, placing the stake sale in a broader context of shifting access to USDT.

Cointelegraph

Pluang reports that Revolut will stop supporting Tether's USDT stablecoin by August 31, 2026, to comply with the EU's MiCA regulations, and that users can no longer buy USDT after July 6 and deposits will be disabled after July 30.

The same Pluang account also states that users will have the option to sell or transfer USDT unti..., linking the timeline of platform changes directly to how holders can act during the transition.

A separate dataset on weekly active users highlights Solana topping an altcoin list, with Solana ranked first with 15.3 million weekly active users and an active user count that increased by 106.9 percent in the last 30 days.

“The reported transaction comes as Tether maintains it has no plans to go public, even as other crypto companies pursue or delay IPOs”

Cointelegraph

Bitget’s list places BNB Chain second with 13 million weekly active users, while Tron ranks third with 8.7 million active users, and the report says Layer-1 and Layer-2 blockchain networks were prominently featured at the top of the list.

The same Bitget ranking includes Bitcoin at 2.7 million weekly active users (up 1.2%) and Ethereum at 2.6 million (up 4.3%), alongside projects such as opBNB at 4.7 million and World Mobile Chain at 3.2 million.

Across the list, Jito is shown at 1.8 million weekly active users with a 196.4% increase, while Uniswap is listed at 868.7 thousand with a 23.5% decrease, illustrating how engagement changes vary sharply among major networks.