Richard Heathcote, former Chief Investment Officer of Tether, has received approval to sell a portion of his 1.26% stake in the company. Heathcote, who transitioned to an advisory role in March, is collaborating with PJT Partners to facilitate the sale. Discussions with potential buyers are ongoing, though the valuation details remain undisclosed. This development follows Tether's decision earlier this year to pause fundraising efforts amid calls for greater financial transparency. The company is currently undergoing its first full financial audit by a Big Four accounting firm, which has influenced its strategic decisions regarding share sales and potential IPO plans.