It turns out that Tether (USDT), one of the world’s largest stablecoin issuers, is working with Wall Street bond giant Cantor Fitzgerald to manage its $39 billion bond portfolio.
The Wall Street Journal February 10 According to the news published on and based on sources familiar with the subject, Tether 39 billion dollar bond portfolio for Wall Street to rule one of the most experienced bond traders traditional financial services company known as Cantor Fitzgerald working with.
Cantor Fitzgerald US Federal Reserve (FED) with direct commercial contracts preparation and enactment It is one of 25 licensed financial institutions with The business deal between the institution and Tether is still relevant to traditional finance companies’ business deals with crypto companies, according to experts. positive attitudes It could be a sign they’re in.
Tether recently of the year 2022 in its fourth quarter financial reports 700 million announced that he made a profit in dollars. Company on its obligations 960 million He also stated in the report that they had reached a budget surplus of USD.