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softbank and tether back three billion dollar bitcoin acquisition venture

Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is spearheading a $3 billion bitcoin acquisition vehicle, Cantor Equity Partners, with backing from SoftBank, Tether, and Bitfinex. Tether will contribute $1.5 billion, while SoftBank and Bitfinex will provide $900 million and $600 million, respectively. This venture marks a significant shift in traditional finance's integration with cryptocurrency, as Cantor Fitzgerald aims to leverage its expertise to offer Bitcoin-backed loans amidst evolving regulatory landscapes.
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United States Dollar SoftBank Corp. Cantor Fitzgerald Income Trust, Inc. Class I Tether USDt USD USA Brandon Lutnick Howard Lutnick Show more
Finance & Economy, Market Report
07:35 23.04.2025

Tether explores institutional US stablecoin options for the future

Tether is exploring the development of a US stablecoin aimed specifically at institutional investors. This move reflects the growing demand for stable digital currencies in the financial sector, as institutions seek reliable options for transactions and investments.
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Tether USDt USD
Finance & Economy, Market Report
11:14 07.04.2025
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