The U.S. presidential candidate Donald Trump's nominated Secretary of Commerce Howard Lutnick is actively exploring financial cooperation with Tether, planning to launch a project worth up to $2 billion. This project will use Bitcoin as collateral to provide dollar loans to clients. 💰

The financial services company Cantor Fitzgerald, to which Howard Lutnick belongs, is discussing the cooperation details with Tether, and the project scale could expand to hundreds of billions of dollars. Tether holds a large amount of U.S. Treasury bonds through Cantor's custody business, which supports the value of the USDT stablecoin. 💼

It is reported that this custody relationship brings Cantor tens of millions of dollars in revenue each year, demonstrating the potential and attractiveness of the stablecoin market. 📈