Cantor Fitzgerald pushes Tether to raise approximately $15 billion from investors

American financial services company Cantor Fitzgerald is pushing Tether Holdings to raise approximately $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 meets its fundraising goal, Cantor's stake could be worth $25 billion.