Cantor Fitzgerald Faces Pressure in Tether Holdings Investment Pitch

According to PANews, Cantor Fitzgerald LP is under significant pressure as it presents Tether Holdings to investors with a potential valuation of $500 billion. If Tether achieves its goal and raises approximately $15 billion, the value of Cantor's Tether shares could reach $25 billion. Over a year ago, the New York investment bank purchased Tether's convertible bonds for over $600 million, granting it a 5% equity stake. A successful transaction would not only generate substantial wealth for Tether's founders but also yield considerable returns for Cantor, potentially earning billions. The terms of the share sale are still evolving, and it remains uncertain what valuation the deal might reach or whether the bank will be permitted to convert its bonds into equity and sell part of its holdings to new investors.