Customers would be able to borrow money using Bitcoin as collateral.
Wall Street’s and the crypto industry’s mutually beneficial connection has grown stronger.
Cantor Fitzgerald, a bond and financial services trading business in the United States, is allegedly in talks with Tether about launching a multibillion-dollar lending program backed by Bitcoin.
Customers would be able to borrow money using Bitcoin as collateral under the proposed program. According to a Bloomberg article on Saturday, the operation is set to start with a $2 billion allocation. But it might grow if cryptocurrency gains more popularity.
Wall Street’s and the crypto industry’s mutually beneficial connection has grown stronger this year. And this is especially true in light of the anticipated shift in crypto policy as Trump readies himself to take the charge.
According to the report, Tether is only one of many financial backers. That would put money into the Bitcoin lending program, which is sti
We współpracy z: https://thenewscrypto.com/cantor-fitzgerald-and-tether-reportedly-plan-2b-bitcoin-backed-lending-program/
