Howard Lutnick, the CEO of Cantor Fitzgerald, is taking a bold step into the crypto space! 🤝 Together with Tether, the most popular stablecoin, they are introducing Bitcoin-based lending. With billions of USDT in reserves, this collaboration is a breakthrough.
- Tether supports Lutnick's vision with a $2 billion loan project, using Bitcoin as collateral. This could be a solution for countries with weak currencies such as Argentina and Turkey.
- Cantor also invested in Tether, taking a 5% stake worth $600 million. This move deepens the relationship and shows confidence in USDT.
- Despite the criticism, Tether is still going strong. With Cantor's support, the future of crypto is brighter. 🚀