Online reports, Bloomberg quoted sources as reporting that financial services company Cantor Fitzgerald is seeking Tether support for a multi-billion-dollar borrowing plan. The plan will allow customers to borrow dollars using Bitcoin as collateral. Initial funding is set at $2 billion and is expected to expand to tens of billions of dollars. Tether has partnered with Cantor Fitzgerald through hosting services. In addition, the Wall Street Journal reported that Cantor acquired a 5% stake in Tether, worth approximately $600 million.