Regulation· ★★★★· bearish·

Senate Democrat Presses Cantor Fitzgerald Over $10 Billion Tether Stake

  • —Blumenthal requested 13 categories of records on Cantor's Tether business
  • —Cantor's ~5% Tether stake is valued near $10 billion, up from $600 million
  • —Cantor is a primary custodian for Tether's $100+ billion reserves
  • —The request follows a Senate report finding USDT in 84% of Iran-linked wallets
Why it matters: Pressure on the largest stablecoin and its custodian could raise regulatory risk for USDT and the broader market.
#USDT
Source: Coinpaprika News
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