Gate News reports that on March 13, the chief investment officer of stablecoin giant Tether Holdings SA, Richard Heathcote, will step down and transition to a non-executive advisor role. His deputy, Zachary Lyons, will succeed him. Heathcote led the company’s investment strategy during key development periods, including managing support for its core stablecoin USDT’s massive reserves and driving a series of investment deals involving football clubs and humanoid robots. Heathcote previously worked at investment bank Cantor Fitzgerald’s BGC Group and played a key role in establishing the partnership between Tether and Cantor Fitzgerald. Cantor Fitzgerald is an investor in Tether and custodians its U.S. Treasury bond portfolio. Currently, USDT circulation reaches $184 billion, with Tether’s U.S. Treasury holdings increasing to $122 billion by the end of 2025.
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