[Tether Chief Investment Officer Richard Heathcote to Step Down, Deputy Zachary Lyons to Take Over] According to Bloomberg, Richard Heathcote, Chief Investment Officer of stablecoin giant Tether Holdings SA, will step down and transition to a non-executive advisory role, with his deputy Zachary Lyons taking over. Heathcote led the company's investment strategy during Tether's "defining period," including managing the massive reserves backing its core stablecoin USDT and driving a series of deals involving football clubs and humanoid robots. Heathcote previously worked at BGC Group under Cantor Fitzgerald and played a key role in establishing Tether's relationship with the investment bank. Cantor is an investor in Tether and manages its U.S. Treasury portfolio. Currently, USDT's circulation stands at $184 billion, and Tether's holdings of U.S. Treasuries are expected to grow to $122 billion by the end of 2025.