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Cantor Fitzgerald buys $600 million worth of USDT Tether shares

Cantor Fitzgerald buys $600 million worth of USDT Tether shares

HappyCoinNewsHappyCoinNews2024/11/24 17:11
By:HappyCoinNews

Financial services company Cantor Fitzgerald bought shares of the issuer of stablecoins USDT firm Tether on $ 600 million

Cantor Fitzgerald is the main banking partner Tether and holds the lion's share of assets that ensure the stability of the USDT rate. However, as the president of the consulting company reported ETF Store Nate Geraci, the cooperation of the organizations does not end there, as Cantor Fitzgerald owns 5% of the securities Tether , whose value is estimated at $600 million.

Notably, Cantor Fitzgerald CEO Howard Lutnick will be the Commerce Secretary when Donald Trump returns to the White House. This plays into the hands of the USDT issuer because, according to Giancarlo Devasini, who is considered the main shareholder Tether , "Lutnik uses his political influence to eliminate threats looming over Tether ».

Cantor Fitzgerald buys $600 million worth of USDT Tether shares image 0

Howard Lutnick

When talking about threats, Devasini is referring to, for example, the investigation into Tether , which is being conducted by the New York prosecutor's office. The firm's employees are suspected of helping criminals conduct illegal activities, in particular by financing terrorist organizations with stablecoins.

In the past, Howard has praised the potential Tether and claimed that USDT coins allow people to survive hyperinflation in countries like Argentina, Türkiye and Venezuela. It is obvious that Lutnik will be favorable to Tether and support the company whenever possible.

EN @happycoinnews
EN @happycoinnews_en
1

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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