Cantor Fitzgerald, a well-known financial services firm, has announced a collaboration with Tether, leading stablecoin issuer. The partnership aims to launch a program that allows clients to borrow dollars by using Bitcoin as collateral. This initiative will begin with a $2 billion lending program.

The strategy reflects the growing integration of cryptocurrency assets within traditional finance, offering investors more flexibility and options in leveraging their Bitcoin holdings.

This collaboration signifies a major step for institutions like Cantor Fitzgerald, as they expand their offerings in the crypto space and cater to the increasing demand for crypto-backed loans.