Deep Tide TechFlow News, on November 25, according to Decrypt, earlier reports by Bloomberg indicated that Wall Street financial services firm Cantor Fitzgerald is in talks with Tether regarding a Bitcoin-backed loan program. The initial scale of the program is set at $2 billion, with the potential to expand to hundreds of billions in the future.

After Trump nominated the company's CEO Howard Lutnick for Secretary of Commerce, his son Brandon Lutnick may take over the company's Tether-related business. Brandon Lutnick previously interned in Tether's Swiss operations, during which he participated in the inventory of Tether Gold's $660 million gold reserves.