Cantor Fitzgerald-Tether partnership expansion: Cantor Fitzgerald, a major financial services company in the U.S., has strengthened its partnership with Tether, the world’s leading stablecoin issuer. This partnership includes Cantor Fitzgerald agreeing to purchase a 5% stake in Tether, alongside Bitcoin-based lending initiatives.
Strategic advantage from equity purchase: The approximately 600 million USD equity purchase agreement has provided Tether with a significant advantage, amidst the backdrop of the Cantor Fitzgerald CEO taking on an important new role. This helps Tether improve its market position.
Tether supports Bitcoin lending program: Tether also supports Cantor Fitzgerald’s Bitcoin lending program, anticipated to provide collateralized loans initially of up to 2 billion USD. This is part of a larger plan to expand the operational scope of both companies.
USDT supply surge reflects demand: Recently, Tether issued an additional 3 billion USD worth of USDT, bringing the total issuance to 13 billion USD since November 8. This has raised the total USDT supply to approximately 132 billion USD, demonstrating increasing demand for stablecoins in digital currency trading.
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