#美参议员调查cantorfitzgerald与tether关系
A 5% stake skyrocketed in value from $600 million to $10 billion. The $19.2 million in dividends is only the tip of the iceberg.
Richard Blumenthal, the top Democrat on the U.S. Senate Permanent Subcommittee on Investigations, has formally written to Cantor Fitzgerald demanding answers about its tangled financial ties to Tether. Cantor is Tether’s U.S. reserve custodian, holding more than $100 billion in U.S. assets while also owning a 5% stake in Tether.
What really set Congress on edge is the chain of interests running from the White House straight to Wall Street. After Trump returned to the White House, the value of that stake soared from about $600 million to roughly $10 billion. Howard Lutnick, then Cantor’s chairman and now the U.S. Secretary of Commerce, earned more than $250 million during this period.
This is not partisan mudslinging. A PSI report found that 84% of transactions involving 846 Iran-linked crypto wallets were conducted primarily in USDT. Tether says it has frozen nearly $550 million in Iran-linked USDT, but the freeze itself proves that this channel exists.
So which coins will this storm hit?
DAI is first in the line of fire: Tether has quietly built up a $100 million DAI position, and a panic-driven liquidation could pose systemic risks to the Maker protocol. USDD is also vulnerable: the USDD/USDT pair on the Huobi exchange once depegged to $0.969. USDS (Sky Dollar) saw its steepest weekly decline in July 2026, as the stablecoin market shrank by $1.9 billion in a single week.
No major coin is spared. After news of the Tether investigation emerged, Ethereum, BNB, Solana, XRP, and Dogecoin all fell together. TIA plunged 14%, while APT and KAS each dropped more than 10%. The DeFi protocol Altura faced pressure from USDT redemptions and processed more than $8.5 million in immediate withdrawals, ultimately being forced to wind down its stablecoin treasury in an orderly manner.
Blumenthal has demanded that Cantor hand over all communications with Tether and details of its financing by October 23. When stablecoin reserves start fueling a revolving door between business and politics, and national security becomes collateral damage in the pursuit of family interests, everyone holding USDT is an unwitting pawn in this high-stakes gamble.
A 5% stake skyrocketed in value from $600 million to $10 billion. The $19.2 million in dividends is only the tip of the iceberg.
Richard Blumenthal, the top Democrat on the U.S. Senate Permanent Subcommittee on Investigations, has formally written to Cantor Fitzgerald demanding answers about its tangled financial ties to Tether. Cantor is Tether’s U.S. reserve custodian, holding more than $100 billion in U.S. assets while also owning a 5% stake in Tether.
What really set Congress on edge is the chain of interests running from the White House straight to Wall Street. After Trump returned to the White House, the value of that stake soared from about $600 million to roughly $10 billion. Howard Lutnick, then Cantor’s chairman and now the U.S. Secretary of Commerce, earned more than $250 million during this period.
This is not partisan mudslinging. A PSI report found that 84% of transactions involving 846 Iran-linked crypto wallets were conducted primarily in USDT. Tether says it has frozen nearly $550 million in Iran-linked USDT, but the freeze itself proves that this channel exists.
So which coins will this storm hit?
DAI is first in the line of fire: Tether has quietly built up a $100 million DAI position, and a panic-driven liquidation could pose systemic risks to the Maker protocol. USDD is also vulnerable: the USDD/USDT pair on the Huobi exchange once depegged to $0.969. USDS (Sky Dollar) saw its steepest weekly decline in July 2026, as the stablecoin market shrank by $1.9 billion in a single week.
No major coin is spared. After news of the Tether investigation emerged, Ethereum, BNB, Solana, XRP, and Dogecoin all fell together. TIA plunged 14%, while APT and KAS each dropped more than 10%. The DeFi protocol Altura faced pressure from USDT redemptions and processed more than $8.5 million in immediate withdrawals, ultimately being forced to wind down its stablecoin treasury in an orderly manner.
Blumenthal has demanded that Cantor hand over all communications with Tether and details of its financing by October 23. When stablecoin reserves start fueling a revolving door between business and politics, and national security becomes collateral damage in the pursuit of family interests, everyone holding USDT is an unwitting pawn in this high-stakes gamble.