CoinVoice has learned that Howard Lutnick, the commerce secretary nominee by President-elect Trump, is exploring ways to strengthen financial ties with Tether, the world's largest stablecoin operator, and plans to launch a $2 billion project to provide dollar loans to customers using Bitcoin as collateral.
Howard Lutnick's financial services firm Cantor Fitzgerald is in discussions to obtain support from Tether to help fund a project that could amount to billions of dollars.
Tether currently holds billions of dollars in U.S. Treasury bonds through Cantor's custody business, which supports the value of its dominant USDT stablecoin. According to informed sources, this custody relationship brings in tens of millions of dollars in revenue for Cantor each year. [Original link]
