Former Tether CIO Richard Heathcote is seeking buyers for part of his 1.26% stake in the firm, according to Bloomberg.

Tether's former CIO Raphael Zagury plans to sell his stake in the stablecoin giant as the company explores valuations up to $500 billion and capital raises.

Former Tether CIO Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report on Monday.