Tether Confirms Interest In Cantor Fitzgerald’s Bitcoin Financing Business

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🚨 Tether Wants In On Cantor Fitzgerald’s Bitcoin Party 🎉

Tether Confirms Interest In Cantor Fitzgerald’s Bitcoin Financing Business

Oh joy, another partnership to add to the never-ending list of “strategic alliances” that are just code for “we’re trying to stay afloat in a sea of cryptocurrency chaos.” 🌊

Tether CEO Paolo Ardoino is angling to join Cantor Fitzgerald’s Bitcoin financing business, citing a long-term business relationship. Because, you know, that’s exactly what we need – more people trying to make a quick buck off of Bitcoin. 💸

Tether Wants To Join Cantor Fitzgerald’s Bitcoin Offering.

Apparently, after months of planning, financial services firm Cantor Fitzgerald announced plans to provide leverage for institutional investors holding Bitcoin (BTC) on their balance sheets. Because, you know, institutional investors are just dying to get in on the action. 😂

In an interview with Bloomberg, Ardoino highlighted Tether’s interest in the Bitcoin lending business, stating that the partnership is the “right thing to do.” Because, you know, what could possibly go wrong with combining a stablecoin issuer with a financial services firm? 🤔

The Tether CEO says Cantor Fitzgerald has relationships with all the institutional borrowers, making it an ideal partner. Further, Ardoino says Tether is a “great partner” given its leading position in tokenization and the Bitcoin ecosystem. Because, you know, tokenization is just a fancy word for “we’re trying to make money off of other people’s money.” 🤑

“Bitcoin lending is very interesting to us and there are huge opportunities,” said Ardoino. “Joining forces between Tether and Cantor Fitzgerald is the right thing to do.” Yeah, because nothing says “right thing to do” like partnering with a firm that’s already got a reputation for being a bit… sketchy. 🤷‍♀️

The move follows Thailand’s SEC recognition of USDT as an approved cryptocurrency. Because, you know, that’s exactly what we need – more regulatory approvals to make us feel better about the whole situation. 🙄

Ardoino Wants The Stablecoin Issuer To Play a Bigger Role In US Stablecoin Ambitions

The Tether CEO has announced his intention to play a central role in America’s stablecoin plans. Because, you know, what could possibly go wrong with a non-US based company trying to promote US interests? 🤷‍♀️

US Treasury Secretary Scott Bessent confirmed a policy change, indicating plans by the US to turn its focus to stablecoins. While Tether wants to join the US plans, it faces stiff competition from the XRPL ledger-based RLUSD and USDC. Because, you know, competition is just what we need to make the whole stablecoin space more… stable. 😂

“We will keep the US the dominant reserve currency and use stablecoins to do that,” said Bennett. Yeah, because nothing says “dominant reserve currency” like a bunch of unregulated, decentralized, and totally-not-a-Ponzi-scheme stablecoins. 🤑

Ardoino noted that Tether’s base of operations outside the US does not impede its ability to promote US interests. With boots on the ground and its sheer market size, Ardoino says Tether has found its product market fit. However, advanced initiatives by PayPal’s PYUSD plans to reduce USDT’s market share. Because, you know, nothing says “market share” like a bunch of fancy-schmancy financial jargon. 🤯

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2025-03-14 02:14