WSJ: Cantor Fitzgerald agreed last year to acquire 5% of Tether's shares for $600 million

Financial services company Cantor Fitzgerald has agreed to acquire 5% of stablecoin issuer Tether in 2023, according to information from informed business partners cited in a WSJ report on November 24. The shares were valued at $600 million when the agreement was reached.

This could mean that Tether will gain more political support, as Cantor Fitzgerald's CEO Howard Lutnick was appointed as US President-elect Trump's Secretary of Commerce on November 19. (Cointelegraph)