Wall Street investment bank Cantor Fitzgerald is expected to raise $25 billion in wealth through Tether financing

ChainCatcher News: American financial services company Cantor Fitzgerald is pushing Tether Holdings to raise about $15 billion from investors, with a valuation of up to $500 billion, comparable to OpenAI.

A year ago, Cantor Fitzgerald purchased convertible bonds for over $600 million, acquiring a 5% stake in Tether. If Tether achieves its fundraising goal, the value of Cantor's holdings could reach $25 billion.