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

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 .

Source: The Daily Hodl