Cantor Fitzgerald is seeking Tether support for a multi-billion dollar lending program

According to a report by Bloomberg citing sources, Cantor Fitzgerald is seeking support from Tether for a multi-billion dollar loan program. This program will allow customers to borrow dollars using Bitcoin as collateral. The initial funding is set at $2 billion and is expected to expand to hundreds of billions of dollars. Tether has already partnered with Cantor Fitzgerald through a custody service. In addition, according to The Wall Street Journal, Cantor has acquired a 5% stake in Tether, valued at approximately $600 million.