Tether custodian Cantor Fitzgerald to launch Bitcoin financing business: Welcome to join the financing market

Financial services company and custodian of stablecoin issuer Tether, Cantor Fitzgerald, announced at a recent Bitcoin conference that they will launch a Bitcoin financing business, providing an initial financing amount of $2 billion to Bitcoin companies in need. Source

CEO Howard Lutnick: Welcoming Bitcoin into the Global Financing Market

Cantor Fitzgerald CEO Howard Lutnick revealed at the Bitcoin conference Bitcoin 2024 on Saturday that they plan to launch Bitcoin financing services, offering leverage for Bitcoin holders:

Cantor Fitzgerald, known for backing a large number of securities and commodities, is now establishing a new platform to support the financing needs of Bitcoin investors.

Reportedly, the initial financing amount is $2 billion, with an additional $2 billion being added each time as needed.

Lutnick welcomed Bitcoin into the global financial financing market in his speech:

We are excited to help unlock the full potential of Bitcoin and continue to narrow the gap between traditional finance and digital assets.

He also added, "To kick off this work, we are also seeking to collaborate with Bitcoin custodians."

Cantor Fitzgerald has long been involved in the crypto space

As one of Wall Street's largest bond brokerage firms, Cantor Fitzgerald is not only a top investment bank specializing in fixed income, equities, and commercial real estate; it also serves as the custodian for stablecoin issuer Tether, actively engaged in the crypto industry.

In addition to claiming the company holds a significant amount of Bitcoin, Lutnick has also conducted U.S. Treasury trades with Tether and publicly endorsed Tether earlier this year, emphasizing that Tether does indeed have excess reserves for its claimed USDT assets.

In April of this year, he expressed support for stablecoins, highlighting their ability to increase demand for U.S. Treasuries, provide more USD liquidity, and solidify the global dominance of the U.S. dollar.

Tether Custodian Cantor Fitzgerald CEO Stands by Stablecoins: Beneficial for the U.S. Economy

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