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

  • Howard Lutnick's firm, Cantor Fitzgerald LP, is discussing a $2 billion lending project with Tether Holdings Ltd. For clients using Bitcoin as collateral.
  • Funding for the lending project is expected to reach into the tens of billions over time, according to reports.
  • Tether uses Cantor's custody business to hold US Treasuries that support its USDT stablecoin's value.
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