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Stable Standard - Week of November 25th, 2024

stablestandard.substack.com · 357 words · saved by 1 readers

Cantor Fitzgerald takes 5% stake in Tether, stablecoin issuance hits ATH, and crypto execs speak out about debanking

Nature is Healing - Source Cantor Fitzgerald Discloses Ownership in Tether Last week, the Wall Street Journal reported that Cantor Fitzgerald had purchased a 5% ownership stake in its customer Tether, valuing the company at approximately $12 billion. Cantor Fitzgerald is the predominant custodian of Tether's reserve assets and has expanded its financial service offerings to the stablecoin issuer over the last year. Noteworthy Stablecoin Metrics Last week, I saw several interesting stablecoin metrics worth sharing. According to Artemis' Stablecoin Dashboard, stablecoin issuance reached…

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