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Cantor Fitzgerald Launches $2 Billion Bitcoin-Backed Loan Program

BlockBeats News, May 27th, according to Bloomberg, Cantor Fitzgerald has launched its $2 billion Bitcoin-backed loan program, with the initial trades involving cryptocurrency firms FalconX Ltd. and Maple Finance. The program aims to provide loans to customers using Bitcoin as collateral.

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From the President to the Secretary of Commerce, and then to the SEC Chairman and the "Crypto Tsar," the intersection of these key figures with the crypto industry seems to have become a tightly nested interest loop.
Lutnick is a proponent of cryptocurrency, especially Bitcoin. His company, Cantor Fitzgerald, has been assisting Tether in managing the US Treasury bond reserves backing USDT since 2021.
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