Reported about 12 hours ago
Howard Lutnick, chosen by President-elect Donald Trump as Commerce Secretary, is negotiating with Tether to launch a $2 billion project aimed at providing dollar loans against bitcoin. Lutnick's firm, Cantor Fitzgerald, seeks Tether's support for this venture, which could potentially expand to tens of billions of dollars. This collaboration would enhance Lutnick's financial ties with Tether, which already entrusts billions to Cantor in support of its stablecoin's value.
Source: YAHOO