Latest news, US presidential candidate Donald Trump's nominee for Secretary of Commerce Howard Lutnick is negotiating with Tether, the world's largest stablecoin operating company. The two parties plan to launch a project to provide US dollar loans to customers using Bitcoin as collateral, with an initial funding of 2 billion dollars. According to informed sources, Lutnick's financial services company Cantor Fitzgerald is seeking funding from Tether, and the final scale of the project could reach hundreds of billions of dollars.

According to previous reports, more than half of Tether's stablecoin reserves (approximately 39.2 billion dollars) are managed by Cantor Fitzgerald. As a well-known bond trader on Wall Street, the company is one of 25 primary dealers of US Treasury bonds that can trade directly with the Federal Reserve, earning tens of millions of dollars in profits each year.

Meanwhile, the total amount of US Treasury debt has reached a historic high, exceeding 36 trillion dollars. Combined with Trump's earlier statements about establishing a Bitcoin strategic reserve to address the US debt crisis, market participants believe that this move may signal the imminent launch of the US Bitcoin strategic reserve initiative.