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Tether Drops $458M Bitcoin Buy for Cantor Deal—Because Stablecoins Need Volatility Now?
Tether Drops $458M Bitcoin Buy for Cantor Deal—Because Stablecoins Need Volatility Now?
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Tether just made crypto’s ultimate power move—deploying nearly half a billion in BTC reserves to swallow Cantor Fitzgerald. Because nothing says ’stable’ like betting the house on Satoshi’s wild ride.
The purchase rockets Tether’s bitcoin holdings past $5B, doubling down on its role as crypto’s shadow central bank. Meanwhile, traditional finance bros are still trying to short BTC with paper contracts.
One question remains: When this ’merger’ completes, will Cantor’s traders finally admit Tether’s USDT has been propping up their entire industry since 2017?
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