The chief commercial officer of stablecoin giant Tether has resigned.

On June 11th, it was reported that Tether's Chief Commercial Officer Benjamin Habbel has resigned. He had only been with the company for nine months and during that time, he was responsible for driving the expansion of the company's business and investment portfolio. Habbel stated in an email that he will be returning to Limestone Capital, a private equity firm that he co-founded, to serve as a managing partner.