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news-imageNovember 25, 2024

Cantor Fitzgerald Acquires Minority Stake in Tether Amid Political Developments

TL;DR Cantor Fitzgerald has acquired a 5% stake in Tether, the issuer of USDT, for $600 million, highlighting its commitment to expanding in the crypto market. Howard Lutnick, Cantor Fitzgerald's CEO, is stepping down to become Commerce Secretary in President-elect Donald Trump's administration, with his son Brandon Lutnick taking over the Tether deal.
Publisher: Crypto Economy
Sentiment: Neutral
USDT

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