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flag Howard Lutnick, Trump's Commerce Secretary pick, discusses a $2 billion project with stablecoin firm Tether.

flag Howard Lutnick, Donald Trump's pick for Commerce Secretary, is in talks with Tether, a major stablecoin company, to launch a $2 billion project lending dollars against bitcoin. flag Lutnick's firm, Cantor Fitzgerald, holds billions in Treasuries for Tether, earning tens of millions annually. flag The project could expand to tens of billions, with Tether potentially investing up to $600 million, or about 5% ownership, in Cantor.

12 months ago
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