Tag: Cantor Fitzgerald

Tether Posted $1.04 Billion in Q1 Profit and a Record $8.23 Billion Reserve Buffer — While Two US Senators Quietly Reopened the File on Cantor Fitzgerald

Tether reported $1.04 billion in net profit for the first quarter and excess reserves of $8.23 billion against $192 billion in assets — the strongest balance sheet the company has ever published, even as Senators Warren and Wyden launched a fresh investigation into its links to Cantor Fitzgerald and Howard Lutnick's family trust.

2 May 2026·Tom Chen

Markets

Tether Gives Investors Fourteen Days to Commit to Its $500 Billion Private Raise or Face a Restructure

The Cantor Fitzgerald-led process is the first time Tether has opened its cap table meaningfully since founding. The asking price would make the stablecoin issuer worth more than every US bank except JPMorgan Chase — and investors have until late April to decide.

11 Apr 2026·Tom Chen