According to Foresight News, Brock Pierce, co-founder of Tether, is contemplating a third return to Hong Kong as the government strives to attract the crypto industry back. Pierce is considering introducing a new enterprise in Hong Kong, although he has not disclosed what his new business will do or whether Hong Kong will become its new headquarters.
Pierce co-founded the stablecoin Tether in Hong Kong ten years ago and sold his shares a year after the company was established. His first foray into the virtual currency field was through the sale of virtual currency traded in games by his Internet Gaming Entertainment company, which he founded in Hong Kong. In 2012, he sold another of his companies, Zam, a video game community building company established in 2003, to Tencent Holdings.