Cantor Fitzgerald has reportedly agreed to acquire a 5% stake in Tether, valued at $600 million, following the appointment of its CEO Howard Lutnick as President-Elect Donald Trump’s Secretary of Commerce. This move could enhance Tether's political backing as it navigates ongoing scrutiny from the US legal system, particularly from the Southern District of New York. Lutnick, who has been a vocal supporter of Tether, indicates he plans to leverage his political connections to mitigate challenges facing the stablecoin issuer. Cantor Fitzgerald has been a key banking partner for Tether, managing a significant portion of Tether's reserves. Lutnick has previously emphasized the importance of stablecoins like Tether for economies experiencing high inflation. Meanwhile, Cantor Fitzgerald is poised to launch $2 billion in Bitcoin lending, highlighting its expanding role in the cryptocurrency space.

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