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Donald Trump’s Commerce Secretary picks Cantor Fitzgerald to collaborate with Tether on $2B BTC project – TON BOT

Donald Trump’s Commerce Secretary picks Cantor Fitzgerald to collaborate with Tether on $2B BTC project

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Financial services firm Cantor Fitzgerald is exploring a program with stablecoin issuer Tether to allow clients to borrow dollars against Bitcoin collateral. The firm plans to lend against Bitcoin starting with $2 billion, potentially increasing to tens of billions. Cantor Fitzgerald has deep ties with Tether, and its CEO Howard Lutnick is expected to provide significant political support for Tether. Tether has faced controversy and investigations but has consistently maintained enough reserves to back its stablecoin.

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