Tether CIO Richard Heathcote steps down, replaced by Zachary Lyons

Investing.com -- Stablecoin issuer Tether announced Thursday that chief investment officer Richard Heathcote will step down from his role and be replaced by his deputy Zachary Lyons.

Heathcote is stepping back to focus on personal and family priorities, according to a company statement. He will remain with the company in a non-executive advisory role.

During his tenure, Heathcote built partnerships with some of America's biggest financial institutions, Tether said.

Lyons, who will assume the CIO position, will lead the company's investment across technologies and infrastructure aligned with Tether's long-term vision.

The new CIO was involved in Tether's acquisition of a stake in Italian football club Juventus. In October 2025, Lyons was one of two candidates Tether submitted for consideration to join the Juventus board.

Tether has built a portfolio of over 120 companies through venture investments in recent years, the CEO has previously said. The company's investments include buying a South American agricultural firm and the Juventus stake.

Tether is the world's largest stablecoin issuer, based in El Salvador, with $184 billion worth of its dollar-pegged crypto tokens in circulation.

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