Tether announces its new U.S. stablecoin USAT, led by CEO Bo Hines, supported by Anchorage Digital and Cantor Fitzgerald. This move follows the Genius Act regulating stablecoins and targets use cases like remittances and online payments.
Cantor Fitzgerald is close to finalizing a $4 billion deal with Adam Back, acquiring over $3 billion worth of bitcoin along with additional funding for future purchases. This marks a significant move in the bitcoin investment landscape.