Cantor Fitzgerald Faces Senate Democrat's Questions Over Tether Ties

Cantor Fitzgerald, a major financial firm, has received a letter from a Senate Democrat requesting information on its ties to Tether, the stablecoin issuer behind USDT. The letter follows a report by Democratic investigators that alleged Tether's USDT has become a key tool for Iran's shadow banking network. This development suggests that regulators are taking a closer look at the stablecoin's activities and its potential implications for the global financial system.