Trump pick Lutnick's firm in talks with Tether for $2 billion bitcoin lending project, Bloomberg reports

Howard Lutnick, nominated by Trump for Commerce Secretary, plans to strengthen financial ties with Tether. Lutnick's firm, Cantor Fitzgerald, and Tether are discussing a $2 billion project. The project involves lending dollars against bitcoin. This collaboration could potentially grow to tens of billions of dollars. Lutnick's firm already manages billions in Treasuries for Tether, generating substantial annual revenue.