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,

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

Howard Lutnick is moving to strengthen his alliance with one of the most important and controversial names in the digital-asset business: Tether Holdings Ltd.Lutnick is in talks to deepen the financial ties between his businesses and the company behind the world’s largest stablecoin,

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.

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.

Howard Lutnick's Cantor Fitzgerald in talks with Tether to launch Bitcoin lending program worth billions; Tether probed by federal government.