TechFlow reported on November 25, citing Decrypt and previously Bloomberg, that Wall Street financial services firm Cantor Fitzgerald is negotiating with Tether on a bitcoin collateralized loan program. The initiative would start at $2 billion and could eventually expand to tens of billions of dollars.
After Trump nominated the company's CEO Howard Lutnick as Commerce Secretary, his son Brandon Lutnick may take over the firm's Tether-related operations. Brandon Lutnick previously interned at Tether’s Swiss division, where he participated in auditing Tether Gold’s $660 million gold reserves.
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