Sources: Cantor Fitzgerald agreed to invest as much as $600M in Tether for about a 5% stake in the past year; Cantor holds most of Tether's $134B in assets (Wall Street Journal)

Wall Street Journal:
Sources: Cantor Fitzgerald agreed to invest as much as $600M in Tether for about a 5% stake in the past year; Cantor holds most of Tether's $134B in assets  —  Before becoming Trump's commerce secretary pick, Lutnick deepened Cantor's ties with a stablecoin firm under investigation