Wall Street bond trading giant Cantor will acquire approximately 5% ownership interest in Tether

According to a report from Bloomberg citing sources, Cantor Fitzgerald will receive about 5% ownership of Tether. Earlier this year in January, Howard Lutnick, CEO of Cantor Fitzgerald, stated in an interview with Bloomberg that "I manage a lot of assets for Tether and we've done a lot of work. Tether has the money they claim ... and we've seen it, they do have the money."