Wall Street bond trading giant Cantor Fitzgerald has reportedly reached an investment protocol with USDT, the leading stablecoin issuer in 2023, and acquired a 5% stake in Tether. This may mean that Tether will receive more political support in the future, as Cantor Fitzgerald CEO Howard Lutnick has recently been appointed as the new US Secretary of Commerce by Trump. Cantor Fitzgerald has become one of the most important banking partners of Tether as many banks around the world have cut off their ties with Tether. Howard Lutnick has been a long-time supporter of cryptocurrency, and since 2021, his firm Cantor Fitzgerald has been managing Tether's US Treasury investment portfolio. Tether currently holds over $105 billion in cash and cash equivalents, including $102.5 billion in US Treasury bonds, making Tether one of the top 18 US Treasury holders globally. Howard Lutnick has expressed confidence in the financial stability of Tether on multiple occasions. However, Tether denies that Lutnick will lend a helping hand, stating that their relationship with Cantor Fitzgerald is purely business-related and based on asset management. They also claim that Lutnick joining the transition team does not imply any influence on regulatory actions. Regardless, the market's biggest concerns about USDT have always been transparency, the authenticity of reserves, and potential regulatory risks. However, the current situation seems to indicate that with Tether's enhanced financials and its deeper connections with the traditional financial and political sectors, Tether seems to be too big to fail.
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USDT büyük mü düşüremiyor? Wall Street tahvil ticaret devi Cantor, Tether'in %5 hissesini aldı.
Wall Street bond trading giant Cantor Fitzgerald has reportedly reached an investment protocol with USDT, the leading stablecoin issuer in 2023, and acquired a 5% stake in Tether. This may mean that Tether will receive more political support in the future, as Cantor Fitzgerald CEO Howard Lutnick has recently been appointed as the new US Secretary of Commerce by Trump. Cantor Fitzgerald has become one of the most important banking partners of Tether as many banks around the world have cut off their ties with Tether. Howard Lutnick has been a long-time supporter of cryptocurrency, and since 2021, his firm Cantor Fitzgerald has been managing Tether's US Treasury investment portfolio. Tether currently holds over $105 billion in cash and cash equivalents, including $102.5 billion in US Treasury bonds, making Tether one of the top 18 US Treasury holders globally. Howard Lutnick has expressed confidence in the financial stability of Tether on multiple occasions. However, Tether denies that Lutnick will lend a helping hand, stating that their relationship with Cantor Fitzgerald is purely business-related and based on asset management. They also claim that Lutnick joining the transition team does not imply any influence on regulatory actions. Regardless, the market's biggest concerns about USDT have always been transparency, the authenticity of reserves, and potential regulatory risks. However, the current situation seems to indicate that with Tether's enhanced financials and its deeper connections with the traditional financial and political sectors, Tether seems to be too big to fail.