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Tether is contemplating entering into a partnership with Cantor Fitzgerald to explore opportunities in Bitcoin 
$104,270 financing. The company is evaluating the potential for collaboration based on longstanding business relationships. Although the press announcement did not mention Tether specifically, the discussion surrounding partnerships is currently active.
Tether and Cantor Fitzgerald
Cantor Fitzgerald, a financial services provider, plans to offer leverage to institutional investors with a Bitcoin-based balance sheet. In line with this plan, Tether’s CEO, Paolo Ardoino, expressed interest in the company’s Bitcoin lending project. Ardoino conveyed his belief in a collaboration that could provide mutual benefits for both parties.
Paolo Ardoino: “Bitcoin lending holds intriguing opportunities.”
US and Stablecoins
Tether aims to play a more active role in the United States’ stablecoin projects. The company is considering contributing to plans that reinforce the US dollar’s position as a global reserve currency. The observed regulatory shifts in the approach of the US Treasury Department are seen as supportive of this strategy.
On the other hand, market competition is also coming to the fore. Alternatives like XRPL-based RLUSD and USDC strengthen the view that Tether could be competing with these entities. The company’s presence abroad is stated not to hinder its strategic goals.
Bennett: “Stablecoins can play a significant role in supporting the US reserve currency status.”
Stablecoins hold US treasuries. While the US is not as comfortable finding bond buyers, countries like Canada are considering selling billions in bonds as a response to sanctions. If the growth of stablecoins is accelerated with the backing of the US government, bond demand would naturally increase. This narrative sounds promising, and the positive effects of stablecoin growth on cryptocurrencies are encouraging.
Recent developments indicate that Tether is taking steps to diversify its Bitcoin financing and stablecoin projects. Partnership opportunities and market dynamics will continue to be monitored closely. Evaluations from market participants and regulatory bodies may also influence the course of this process.
