Cantor in talks with Tether on $2 billion bitcoin lending plan: People familiar with the matter
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According to sources, Cantor Fitzgerald LP is discussing obtaining support from , with plans to provide US dollar loans to clients using Bitcoin as collateral. The initial funding for this plan is set at $2 billion and is expected to expand to hundreds of billions of dollars. currently uses Cantor's custody services to hold billions of dollars in US Treasuries, which underpin the value of . Sources reveal that this custodial relationship generates tens of millions of dollars in annual revenue for Cantor. (Bloomberg) Yesterday, according to a report by the WSJ, Cantor has acquired a 5% stake in , valued at around $600 million.
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