According to DL News, with Trump's victory, crypto users have flocked to the stablecoin Tether. According to DefiLlama data, the total market value of Tether has risen by nearly 6% since the end of the US election on November 6, surpassing $127 billion.
The rise of Tether has brought to the surface Howard Lutnick, CEO of New York-based financial services firm Cantor Fitzgerald, which manages U.S. Treasury bonds for Tether, and Howard Lutnick, who has repeatedly guaranteed the stablecoin giant, which has come under intense scrutiny for years for refusing to release the full audit results of its reserves.
It is reported that Howard Lutnic is Trump's main fundraiser and co-chair of the Trump transition team. Now that Trump is about to take office in January next year, Howard Lutnick has won an important seat in his cabinet. It is reported that he is one of Trump's nominees for Treasury Secretary. Polymarket forecasts that the market believes that he has a 26% chance of being nominated.
Tether backer Howard Lutnick is a major fundraiser for Trump
2024-11-15 14:33:35
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