Trump’s Commerce Secretary Pick Howard Lutnick-Led Firm In Talks For A Bitcoin Lending Project With Tether: Report
Posted On November 25, 2024
President-elect Donald Trump’s pick for Commerce Secretary, Howard Lutnick, is in the process of forging a multi-billion dollar deal with Tether (CRYPTO: USDT), the company behind the world’s largest stablecoin by market capitalization.
What happened: Cantor Fitzgerald, a financial services firm led by Lutnick, is planning to launch a program with Tether’s support that would lend dollars to clients who pledged Bitcoin (CRYPTO: BTC) as collateral, according to a Bloomberg, citing sources familiar with the matter.
The funding for the program is expected to start …
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