Nate Geraci, president of The ETF Store, shared the WSJ's report on Tether on X: "Giancarlo Devasini, chief financial officer of Tether, said privately earlier this year that Howard Lutnick would use his political influence to try to defuse the threat to Tether. Lutnick owns a majority stake in Cantor, which hosts the majority of Tether's $134 billion assets. Cantor also apparently owns 5% of Tether."
Previously, it was reported that Wall Street bond trading giant Cantor would acquire a 5% ownership interest in Tether.
Tether's chief financial officer has revealed that Lutnick will use his political influence to defuse threats to Tether
2024-11-24 03:42:27
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