According to Techub News, Bloomberg reported that Wall Street financial services firm Cantor is in negotiations with Tether on a $2 billion Bitcoin lending project, allowing users to obtain US dollar loans using Bitcoin as collateral. Tether currently holds billions of dollars in US Treasuries through Cantor's custody business, and these Treasuries underpin the value of the USDT stablecoin it dominates. According to insiders, this custodial relationship generates tens of millions of dollars in annual revenue for Cantor.
The Wall Street Journal reported on Saturday that Cantor has also reached an investment agreement with Tether, acquiring around a 5% ownership stake. According to business partners, Cantor's valuation of this equity interest is as high as $600 million, implying that Tether's overall valuation may reach $12 billion.
