PANews reported on November 24 that the Wall Street Journal reported that sources revealed that Wall Street financial services company Cantor will acquire approximately 5% ownership interest in Tether.
Earlier news, Cantor Fitzgerald, a Wall Street financial services company, plans to launch Bitcoin financing and lending business. In December last year, Howard Lutnick, CEO of Wall Street bond trading giant Cantor Fitzgerald, highly praised the stablecoin issuer Tether (USDT) in an interview with CNBC. Lutnick described himself as a "big fan" of Tether and mentioned that he holds Tether's Treasury bonds. "Lutnick also mentioned, "They have a lot of Treasury bonds, they are now over $90 billion, so I am a big fan of Tether." In February last year, it was reported that more than half of Tether's stablecoin reserves were managed by Cantor Fitzgerald