Cantor in talks with Tether on $2 billion bitcoin lending plan: People familiar with the matter

According to people familiar with the matter, Cantor Fitzgerald LP is discussing obtaining Tether's support and plans to provide US dollar loans to customers using Bitcoin as collateral. The initial funding of the plan is set at US$2 billion and is expected to expand to tens of billions of dollars. Tether currently uses Cantor's custody business to hold billions of dollars in US Treasury bonds, which support the value of USDT. People familiar with the matter revealed that this custody relationship brings Cantor tens of millions of dollars in revenue each year. (Bloomberg) Yesterday's news, according to WSJ, Cantor acquired a 5% stake in Tether, worth about US$600 million.