Emma Nelson 
Tether, a prominent player in the stablecoin space, is looking to enter into a partnership with Cantor Fitzgerald’s Bitcoin financing division, citing a long-standing business relationship as the foundation for this potential collaboration. Although Cantor Fitzgerald did not explicitly mention Tether in their recent press release, the firm’s CEO has confirmed that discussions surrounding the partnership are still ongoing.
Tether
Tether Eyes Partnership with Cantor Fitzgerald’s Bitcoin Lending Business After months of strategic planning, Cantor Fitzgerald, a well-established financial services firm, announced its intent to provide leverage for institutional investors holding Bitcoin (BTC) on their balance sheets. In response, Tether’s CEO, Paolo Ardoino, confirmed that the company is keen on partnering with Cantor Fitzgerald to expand into the Bitcoin lending sector.
In an interview with Bloomberg, Ardoino expressed Tether’s strong interest in the Bitcoin lending business, describing it as a lucrative opportunity with enormous potential. He emphasized that a partnership between Tether and Cantor Fitzgerald would be mutually beneficial, given the extensive experience both companies bring to the table. Ardoino specifically highlighted Cantor Fitzgerald’s strong relationships with institutional borrowers, making them an ideal partner for Tether as it seeks to expand its presence in the Bitcoin ecosystem.
“Tether is a great partner, and joining forces with Cantor Fitzgerald is the right thing to do,” Ardoino stated, stressing the importance of Bitcoin lending in the broader financial landscape. He also pointed out that Tether, being a leader in the tokenization space, has the expertise and market position to add significant value to the partnership.
This announcement follows the recognition of Tether’s USDT stablecoin by the Securities and Exchange Commission (SEC) of Thailand, signaling the growing acceptance of Tether in global markets. This comes after the European Union’s exclusion of Tether under the MiCA (Markets in Crypto-assets) regulatory framework, signaling that Tether is facing challenges from various jurisdictions but still remains active in expanding its influence worldwide.
Tether’s Role in US Stablecoin Ambitions Ardoino has also expressed Tether’s ambition to play a larger role in the US stablecoin market, even though the company is headquartered outside the United States. He believes that USDT is well-positioned to promote the US dollar as the global reserve currency, aligning with the recent policy shifts from the US Treasury Department. Secretary of the Treasury Scott Bessent has confirmed that the US is planning to turn its focus toward stablecoins, and Ardoino sees this as an opportunity for Tether to be involved in shaping the future of US-based stablecoins.
While Tether aims to contribute to the US’s stablecoin plans, it faces stiff competition from other players in the market, such as the XRPL ledger-based RLUSD and USDC, which have already made significant strides in the stablecoin space. Ardoino, however, is confident that Tether’s market dominance and ability to drive global financial infrastructure will allow it to maintain its competitive edge.
“We will keep the US as the dominant reserve currency and use stablecoins to do that,” Ardoino said, highlighting Tether’s commitment to promoting the strength of the US dollar through digital assets. Despite Tether’s international base of operations, Ardoino believes that the company’s market reach and influence in the stablecoin space will continue to allow it to support US economic interests globally.
However, Ardoino also acknowledged the potential threat posed by emerging stablecoin initiatives, such as PayPal’s PYUSD, which could reduce Tether’s market share. Nevertheless, Tether remains determined to solidify its position as a key player in the evolving landscape of stablecoins and Bitcoin finance.
