Cantor Fitzgerald chairman "Will strengthen cooperation with Tether…focus on stablecoins"

Uk Jin

Summary

Cantor Fitzgerald said it plans to strengthen cooperation with Tether and focus on stablecoins.
Tether said it is taking various measures such as launching USAT, establishing an office, and recruiting talent to expand its U.S. business.
Tether's CEO projected that the market for stablecoins compliant with U.S. regulations will grow to $1 trillion within the next 3~5 years.

U.S. comprehensive financial firm Cantor Fitzgerald said it plans to strengthen cooperation with Tether (USDT), the giant stablecoin company.

According to Bloomberg on the 8th (Korea time), Cantor Fitzgerald chairman Brandon Rutnick participated in the Token2049 event in Singapore and said, "I learned a lot about stablecoins while with Paolo Ardoino, Tether's CEO," and "I will support Tether's USAT (U.S.-regulation-compliant Tether) going forward."

Tether has recently been focusing on expanding its business in the United States. It once had friction with U.S. regulators and continued operations outside the United States, but recently it has accelerated its entry into the U.S. market through measures such as the launch of USAT, the establishment of an office in Charlotte, North Carolina, and the recruitment of Bo Hines, a former White House crypto adviser.

Ardoino, Tether's CEO, said in a panel discussion, "Since the Donald Trump administration, the United States has become more crypto-friendly," and "We will grow a stablecoin that complies with U.S. regulations to a $1 trillion size within the next 3~5 years."

USAT