Cantor Fitzgerald-Tether Partnership Advances as USDT Supply Surges Alongside Market Rally 🚀

Cantor Fitzgerald, a major US financial firm, has expanded its partnership with Tether, the issuer of the world's largest stablecoin, USDT. The firm secured a 5% stake in Tether, valued at $600 million in 2023, as part of this growing collaboration.

Tether's strategic position is expected to benefit from Cantor Fitzgerald’s CEO Howard Lutnick, who is transitioning to a government role under President-elect Donald Trump. Observers speculate this may lead to enhanced regulatory support for Tether.

Tether will also back Cantor Fitzgerald's ambitious Bitcoin-backed lending program, initially set at $2 billion, with plans to grow. Cantor initially held a large portion of Tether’s $134 billion reserves.

Throughout November, Tether aggressively minted USDT, adding $3 billion on November 24. This minting increased the total USDT supply to around $132 billion, driven by growing demand for stablecoins.

This surge in USDT corresponds with an overall market rally, led by Bitcoin, Dogecoin, and Solana, reflecting renewed investor confidence in the digital asset sector.