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Lutnick locks in 5% Tether stake to fuel Cantor’s Bitcoin loan ambitions DLNews 24 nov 2024

Lutnick locks in 5% Tether stake to fuel Cantor’s Bitcoin loan ambitions 💼

Howard Lutnick has acquired a 5% stake in Tether as part of a strategic move to enhance Cantor Fitzgerald’s Bitcoin loan ambitions. Although specific lending details are still under development, this partnership is a significant indicator of the rising institutional interest in cryptocurrency-backed loans.

This collaboration between Lutnick and Tether underscores the growing recognition and potential of digital assets in traditional financial sectors, especially as institutions look for innovative ways to engage with the crypto ecosystem.

Fonte: www.dlnews.com ↗