Howard Lutnick is moving to strengthen his alliance with Tether Holdings Ltd., discussing a multibillion-dollar lending program supported by the largest stablecoin.
Funding for the imminent lending program is set to begin at $2 billion, with expectations that it could scale into the tens of billions.
The existing custody relationship between Tether and Cantor Fitzgerald generates tens of millions of dollars a year, emphasizing the financial ties between them.
Tether has faced scrutiny from governments for potential violations of sanctions and anti-money laundering rules, raising concerns amid its partnership with Cantor.
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