The below stat is truly mind blowing. I realize @Tether_to’s been a hot topic of debate during the last 5 years but its position in the world today is impossible to dismiss. Just consider: Cantor Fitzgerald, which is primarily owned and controlled by @howardlutnick, the U.S. Commerce Secretary, essentially owns 5% of Tether. This stake was acquired in a deal valued at around 600 million, implying a valuation of Tether at 12 billion, which I believe to be low. The @WSJ reported that the deal was completed sometime during 2024. During his confirmation hearing, the Commerce Secretary clarified that Cantor’s investment is in the form of convertible debt in Tether’s holding company. Hence, Cantor’s debt investment does not constitute a direct equity stake in Tether. Practically speaking, however, people commonly refer to the investment as a 5% equity interest because of the potential for conversion. When you further consider the fact that Cantor manages most of Tether’s 133 billion in reserves - primarily in U.S. Treasury bills - it’s fair to say Cantor is tied closely to Tether’s ecosystem, which is becoming deeply integrated into the U.S. debt market. More to consider: Lutnick, before becoming Commerce Secretary, informed @APompliano that he owned hundreds of millions of dollars worth of Bitcoin - expecting it soon to be worth billions. Also consider: @SecScottBessent, prior to becoming Treasury Secretary, was already a big believer in Bitcoin and other Digital Assets. The Treasury Secretary publicly stated that the Strategic Reserve is starting with Bitcoin but will eventually include other crypto assets. Consider also: the POTUS, @realDonaldTrump, DIRECTED his Commerce Secretary and Treasury Secretary, to find ways to ACQUIRE Bitcoin in a budget-neutral manner, of which I can name several off the top of my head. Now also consider: it appears bipartisan stablecoin legislation will soon be on President Trump’s desk and signed into law. At the @blockworksDAS yesterday @bgarlinghouse stated that the stablecoin market will likely 10X during the next 5 years with Tier-1 Banks moving aggressively into the Custody of Bitcoin and other digital assets. Hence, it’s not surprising to see @Ripple create the RLUSD stablecoin, as well as Ripple Custody. Nor is it surprising to see competition and marketing heat up between @circle and @Tether_to. In sum, I find it difficult not to be bullish on the entire asset class, with Bitcoin leading the way. And when you consider what was being said about Tether 4 years ago to now this👇 = 🤯 (As an aside, it would appear, @LynAldenContact was right).