Cantor Fitzgerald agrees to buy 5% of Tether for $600 million

Crypto 7x24

2024-11-24 14:14:53

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Internet reports that financial services company Cantor Fitzgerald agreed to acquire a 5% stake in stablecoin issuer Tether in 2023. In a November 24 report, WSJ quoted information from informed business partners that the shares were worth US$600 million when the agreement was reached. That could mean Tether will gain more political support because Howard Lutnick, CEO of Cantor Fitzgerald, was appointed as U.S. President-elect Trump's Commerce Secretary on November 19.

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