Key Tether Executive Leaves to Rejoin PE Firm He Launched (1)

Tether Holdings SA Chief Business Officer Benjamin Habbel has stepped down nine months after joining the stablecoin giant, where he was in charge of expanding the firm and its portfolio of investments.

Habbel will return to Limestone Capital, the private equity firm he co-founded, as managing partner, he said in an email. Tether is an investor in Limestone, which manages over $1 billion in assets, Habbel said. He added that the two firms are planning to deepen their partnership. Limestone’s portfolio includes real estate hospitality brands Aethos and Eterniti, according to its website.

“As Tether steadily expands its real ...