WSJ: Cantor Fitzgerald agreed last year to acquire 5% of Tether's shares for $600 million
Financial services company Cantor Fitzgerald has agreed to acquire 5% of stablecoin issuer Tether in 2023, according to information from informed business partners cited in a WSJ report on November 24. The shares were valued at $600 million when the agreement was reached.
This could mean that Tether will gain more political support, as Cantor Fitzgerald's CEO Howard Lutnick was appointed as US President-elect Trump's Secretary of Commerce on November 19. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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