Follow crypto deals, acquisitions, funding rounds, strategic tie-ups, and major transactions shaping the business side of digital assets.
Howard Lutnick's firm Cantor Fitzgerald, which holds most of Tether's reserves, has also agreed to acquire a 5% stake in Tether.
If concluded, the deal would wind down Bakkt's custody services, which have been struggling to gain traction.
The investment in Quantoz showcases Tether's strategic move to engage with Europe's stringent regulations through a new stablecoin launch.
