Market Musing-g

Tether Mints $3 Billion in USDt as Bitcoin Approaches $100K

Table of Contents

Tether Mints $3 Billion in USDt Amid Surging Crypto Trading Volume and Bitcoin’s Historic Rally

Political Shifts and Tether's Strategic Positioning

Cantor Fitzgerald’s Stake in Tether Signals Potential Political Support Under Trump Administration

Cantor Fitzgerald’s Pivotal Role

Tether, the world’s largest stablecoin issuer, and financial services giant Cantor Fitzgerald are making headlines with a series of strategic moves that could reshape the cryptocurrency landscape. Amid rising demand for stablecoins and surging Bitcoin prices, Tether minted $3 billion in USDt tokens in a single day, while Cantor Fitzgerald reportedly acquired a 5% stake in Tether, valued at up to $600 million. These developments come as Cantor’s CEO, Howard Lutnick, prepares to step into his new role as US Secretary of Commerce under President-elect Donald Trump, signaling a potential shift in how stablecoins are viewed and regulated in the United States.