According to a report on October 17th, Cantor Fitzgerald is under pressure to sell Tether Holdings at a potential valuation of 500 billion USD. Tether’s success in raising 15 billion USD could elevate Cantor’s stake to 25 billion USD.
Previously, Cantor Fitzgerald purchased convertible bonds from Tether worth over 600 million USD, securing a 5% ownership stake. While the transaction may result in substantial profits, the share sale terms remain unresolved.
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