PANews reported on October 17th that Bloomberg News reported that Cantor Fitzgerald LP is facing immense pressure to pitch Tether Holdings to investors at a potential $500 billion valuation. If Tether achieves its target and raises approximately $15 billion, the investment bank's stake in Tether could be worth as much as $25 billion. More than a year ago, the New York investment bank purchased convertible bonds from Tether for over $600 million, which gave it a 5% stake. A successful transaction would not only enrich Tether's founders but also generate substantial gains for Cantor, potentially reaping tens of billions of dollars in returns. The terms of the share sale are still in flux. It is unclear what valuation the transaction might achieve, or whether the bank would be allowed to convert the bonds into equity and sell some of its holdings to new investors.PANews reported on October 17th that Bloomberg News reported that Cantor Fitzgerald LP is facing immense pressure to pitch Tether Holdings to investors at a potential $500 billion valuation. If Tether achieves its target and raises approximately $15 billion, the investment bank's stake in Tether could be worth as much as $25 billion. More than a year ago, the New York investment bank purchased convertible bonds from Tether for over $600 million, which gave it a 5% stake. A successful transaction would not only enrich Tether's founders but also generate substantial gains for Cantor, potentially reaping tens of billions of dollars in returns. The terms of the share sale are still in flux. It is unclear what valuation the transaction might achieve, or whether the bank would be allowed to convert the bonds into equity and sell some of its holdings to new investors.