Wall Street investment bank Cantor Fitzgerald is expected to raise $25 billion in wealth through Tether financing

ChainCatcher news, according to Bloomberg, Cantor Fitzgerald LP is under significant pressure while pitching Tether Holdings to investors at a potential valuation of $500 billion.

If Tether achieves its goal and raises about $15 billion, the value of the Tether shares held by this investment bank could reach $25 billion. More than a year ago, this New York investment bank purchased convertible bonds from Tether for over $600 million, which granted it a 5% equity stake. If the deal is successful, it will not only bring immense wealth to Tether's founders but also substantial returns for Cantor, which is expected to reap tens of billions of dollars in profits. The terms of the share sale are still in flux. It remains unclear what valuation the deal might reach, and it is also uncertain whether the bank will be allowed to convert the bonds into equity and sell part of its holdings to new investors.