Adds Tether's response President-elect Donald Trump's pick for Commerce secretary, Howard Lutnick is in talks with the company behind the world's largest stablecoin, Tether, to launch a multibillion-dollar program to lend dollars to clients against Bitcoin,

Cantor Fitzgerald is considering teaming up with Tether for its $2 billion Bitcoin lending program, initially announced in July of this year

Howard Lutnick's ambitious plan could reshape crypto finance, merging Bitcoin, stablecoins, and mainstream lending.

Wall Street firm Cantor Fitzgerald has acquired a 5% stake in Tether for up to $600 million while launching a $2 billion Bitcoin lending program, marking a major fusion of traditional finance with cryptocurrency markets.

US President-elect Donald Trump’s nominee for Commerce Secretary, Howard Lutnick, is reportedly exploring a $2B bitcoin-backed lending initiative.

U.S. President-elect Donald Trump's pick for Commerce secretary, Howard Lutnick, is in talks to deepen his financial ties with the company operating the world's largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin,

Cantor Fitzgerald CEO Howard Lutnick negotiates $2B lending venture with Tether amid potential Commerce Secretary nomination.

The unlaunched lending initiative will start with $2 billion in funds, which could eventually grow to tens of billions of dollars.