Cantor Fitzgerald is seeking Tether's support for a multibillion-dollar lending program
2024-11-25 01:39:11
Bloomberg quoted sources sources reports cantor fitzgerald seekingdesk3cryptocurrencydesktopCrypto News
According to Bloomberg, citing sources, Cantor Fitzgerald is seeking Tether's support for a multibillion-dollar lending program. The program would allow customers to borrow dollars using bitcoin as collateral. The initial funding is set at $2 billion and is expected to expand to tens of billions of dollars. Tether has already partnered with Cantor Fitzgerald through an escrow service. In addition, according to the Wall Street Journal, Cantor acquired a 5% stake in Tether worth about $600 million.
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