The financial services giant Cantor Fitzgerald has reportedly acquired a 5% ownership stake in Tether, the leading stablecoin firm. The Wall Street Journal, citing unnamed business associates of both firms, reports that Cantor values the stake at up to $600 million. Cantor has served as Tether’s custodian since 2021. Last week, President-elect Donald Trump nominated […]

The post Wall Street Firm Strikes Deal With Tether, Agrees To Acquire $600,000,000 Stake in Stablecoin Issuer: Report appeared first on The Daily Hodl.

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Continue reading Wall Street Firm Strikes Deal With Tether, Agrees To Acquire $600,000,000 Stake in Stablecoin Issuer: Report

The post Wall Street Firm Strikes Deal With Tether, Agrees To Acquire $600,000,000 Stake in Stablecoin Issuer: Report appeared first on The Daily Hodl.
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