According to the latest Bloomberg report, financial services firm Cantor Fitzgerald, which serves as Tether’s banking partner, is looking to work with the stablecoin issuer on a program that will allow customers to borrow dollars against Bitcoin as collateral. While the company will lend $2 billion to Bitcoin, this is expected to increase to tens of billions. Notably, Cantor Fitzgerald agreed to acquire a 5% stake in Tether for about $600 million last year. Earlier this week, President-elect Donald Trump nominated Cantor Fitzgerald CEO Howard Lutnick as the next Secretary of Commerce.
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