Odaily Planet Daily News: With Trump's victory, cryptocurrency users are flocking to the stablecoin Tether. DefiLlama data shows that since the end of the US election on November 6th, Tether's total market value has risen by nearly 6%, exceeding $127 billion.
The rise of Tether has brought Howard Lutnick, CEO of Cantor Fitzgerald, a financial services company in New York, to the surface. Cantor Fitzgerald manages US treasury bond bonds for Tether, while Howard Lutnick has repeatedly guaranteed the stable currency giant. The company has been under strict review for years because it refused to disclose the complete audit results of its reserves.
It is reported that Howard Lutnic is Trump's main fundraiser and co chair of Trump's 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 nominated candidates for Treasury Secretary, and Polymarket predicts that the market believes his chances of being nominated are 26%. （DL News）
