Tether Confirms Interest In Cantor Fitzgerald’s Bitcoin Financing Business

Aliyu Pokima
March 14, 2025
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Tether Plans To Launch a US Stablecoin Amid Trump's Crypto Policies

Highlights

  • Tether is eyeing a partnership with Cantor Fitzgerald for its bitcoin-backed loans.
  • The move is expected to build on the existing business relationships between both entities.
  • Tether wants to play a significant part in America's stablecoin plans.

Tether is angling to join Cantor Fitzgerald’s Bitcoin financing business, citing a long-term business relationship. A press release by Cantor Fitzgerald omitted the stablecoin issuer but its CEO says a partnership is still in play.

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Tether Wants To Join Cantor Fitzgerald’s Bitcoin Offering.

After months of planning, financial services firm Cantor Fitzgerald announced plans to begin providing leverage for institutional investors holding Bitcoin (BTC) on their balance sheets. Following the launch, Tether CEO Paolo Ardoino has confirmed an interest in striking a partnership with Cantor Fitzgerald.

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.” Ardoino adds that the partnership will be mutually beneficial to both entities given their wealth of experience.

The Tether CEO says Cantor Fitzgerald has relationships with all the institutional borrowers, making it an ideal partner. Furthermore, Ardoino says Tether is a “great partner” given its leading position in tokenization and the Bitcoin ecosystem.

“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.”

The move follows Thailand’s SEC recognition of USDT as an approved cryptocurrency. The stablecoin issuer is rippling with activity after its exclusion by the EU under the MiCA playbook.

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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. Despite being based outside the US, Ardoino says USDT is in a prime position to promote the US dollar as the global reserve currency.

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.

“We will keep the US the dominant reserve currency and use stablecoins to do that,” said Bennett.

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.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he's not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.