From $600M to about $10B since Trump returned. That’s how Senator Blumenthal estimates Cantor Fitzgerald’s stake in Tether.
They say Cantor owns five percent of Tether. The senator got that figure from other articles; there’s no official Tether valuation behind it.
At the end of September, I wrote about a report by his own subcommittee: 84% of 846 sanctioned Iranian wallets transacted almost exclusively in USDT.
Now the next step. The letter went not to Tether, but to the custodian that holds its assets. They’re asking:
- how much Cantor earns from custody (the senator says tens of millions a year)
- how they monitor sanctions involving Iran and Russia
For now, this is just a piece of paper from one senator—not a court case or a verdict. Tether has its own figure on Iran: about $550M in frozen assets.
I keep my USDT and USDC in Simple Earn Flexible on Binance; I’m not moving anything because of senators’ letters.
His deadline is October 23. I’ll see what Cantor says and write about it here.
#Tether #Cantor
They say Cantor owns five percent of Tether. The senator got that figure from other articles; there’s no official Tether valuation behind it.
At the end of September, I wrote about a report by his own subcommittee: 84% of 846 sanctioned Iranian wallets transacted almost exclusively in USDT.
Now the next step. The letter went not to Tether, but to the custodian that holds its assets. They’re asking:
- how much Cantor earns from custody (the senator says tens of millions a year)
- how they monitor sanctions involving Iran and Russia
For now, this is just a piece of paper from one senator—not a court case or a verdict. Tether has its own figure on Iran: about $550M in frozen assets.
I keep my USDT and USDC in Simple Earn Flexible on Binance; I’m not moving anything because of senators’ letters.
His deadline is October 23. I’ll see what Cantor says and write about it here.
#Tether #Cantor