Howard Lutnick Aims to Generate Billions Through Tether Collaboration

cantor fitzgerald i tether planiruyut sovmestnyy zapusk programmy kreditovaniya v bitkoinakh

Howard Lutnick, CEO of Cantor Fitzgerald, has initiated discussions with Tether regarding a multi-billion-dollar lending program. Cantor Fitzgerald, which has managed $73 billion worth of U.S. Treasury bonds for Tether since 2021, also owns a 5% stake in the company.

Lutnick, widely regarded as the leading candidate for Secretary of Commerce in Donald Trump’s administration, is an outspoken supporter of Tether. He emphasizes the critical role of USD-backed stablecoins like USDT in reinforcing global U.S. dominance, particularly in high-inflation economies such as Argentina, Turkey, and Venezuela.

“The hegemony of the dollar is fundamental to the United States. It’s crucial for our economy. That’s why I’m a fan of well-backed stablecoins like Tether and Circle,” Lutnick stated.

According to The Wall Street Journal, Lutnick could leverage his political influence to mitigate threats facing Tether. He is reportedly involved in the selection of candidates for key regulatory roles, including those overseeing Tether’s operations in the U.S.

Earlier, the U.S. Department of the Treasury expressed concerns over Tether’s growing influence on the financial market. The agency suggested that replacing stablecoins with a central bank digital currency (CBDC) would help counter the risks posed by Tether’s expanding market impact.