Cantor Fitzgerald LP is facing intense pressure as it pitches Tether Holdings’ potential valuation of $500 billion to investors. Should Tether successfully raise approximately $15 billion, Cantor’s shareholding in Tether could potentially soar to $25 billion. The investment bank purchased Tether’s convertible bonds worth over $600 million a year ago, securing a 5% equity stake. A successful deal would generate significant financial benefits for both Tether and Cantor Fitzgerald, with the latter potentially earning billions from this transaction. The precise valuation details of the share sale are still being negotiated, with uncertainty surrounding whether Cantor will be allowed to convert its bonds into equity and sell a portion of its holdings.