Meanwhile, Tether is reportedly under investigation by federal investigators for potential violations related to money laundering and sanctions evasion. Tether denies these allega

Cantor Fitzgerald has agreed to a 5% ownership stake in Tether valued at approximately $600 million, according to the Wall Street Journal.

Financial services giant Cantor Fitzgerald reportedly owns a 5% stake in stablecoin issuer Tether, a position potentially worth $600 million

Cantor Fitzgerald has agreed to acquire approximately a 5% ownership stake in Tether, valued at around $600 million.

WASHINGTON — President-elect Donald Trump said Tuesday that he will nominate key transition adviser and billionaire financial services executive Howard Lutnick to lead the Commerce Department.

Cantor Fitzgerald acquires 5% of Tether, strengthening stablecoin reserves, as Tether launches MiCA-compliant tokens for secure digital payments.

President-elect Donald Trump’s pick to lead the Commerce Department is moving to deepen the ties between his company and the firm behind the world’s largest stablecoin, Tether.