WSJ: Cantor Fitzgerald agreed to acquire 5% of Tether for $600 million last year

Odaily News Financial services firm Cantor Fitzgerald agreed to acquire a 5% stake in stablecoin issuer Tether in 2023, with the shares valued at $600 million at the time of the agreement, WSJ reported on November 24, citing information from business partners familiar with the matter. This could mean more political support for Tether, as Cantor Fitzgerald CEO Howard Lutnick was appointed as U.S. President-elect Trump's Secretary of Commerce on November 19. (Cointelegraph)