Lutnick's company, nominated by Trump as Secretary of Commerce, is in talks with Tether to launch a $2 billion Bitcoin lending project

Odaily Planet Daily News: U.S. President-elect Trump's nominated Secretary of Commerce Howard Lutnick is exploring strengthening financial ties with Tether, the world's largest stablecoin operator, planning to launch a $2 billion project to provide dollar loans to clients backed by Bitcoin. Howard Lutnick's financial services company Cantor Fitzgerald is discussing securing support from Tether to help fund the project, which could amount to tens of billions of dollars. Tether currently holds billions of U.S. Treasury bonds through Cantor's custodial services, which underpin the value of its dominant USDT stablecoin. According to insiders, this custodial relationship generates tens of millions of dollars in revenue for Cantor each year. (Bloomberg)