Tether in Talks to Support Cantor Fitzgerald’s Planned Bitcoin Lending Program: WSJ

Quick Summary:

Tether may take part in Cantor’s multi-billion dollar bitcoin financing program.

The latter already owns a 5% stake in Tether and custodies its U.S.Treasuries.

First announced in July, the lending initiative will start with $2 billion in funds, which could eventually grow to tens of billions of dollars.

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Article Details

Author / Journalist: Callan Quinn

Category: Crypto

Markets: United StatesChinaCubaGeorgiaHong KongMali

Topics: Stablecoin Coindesk Trump’s Lutnick Tether Crypto Billion Cantor Lending Wall Street

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 08:22:49 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 23819708

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