Cantor Fitzgerald LP could see its stake in Tether Holdings reach a potential value of US$25 billion if Tether achieves its goal of raising about US$15 billion at a US$500 billion valuation, Bloomberg reported, citing a person familiar with the matter.

Cantor Fitzgerald, a New York-based investment bank, bought a convertible bond in Tether worth over US$600 million more than a year ago, which could translate into 5% equity if converted.