Howard Lutnick, the Tether backer, is a major fundraiser for Trump

 DL News reported that with Trump's victory, cryptocurrency users have flooded into stablecoin Tether. DefiLlama data shows that since the end of the US election on November 6th, Tether's total market value has risen nearly 6%, exceeding $127 billion. Tether's rise has brought Cantor Fitzgerald CEO Howard Lutnick to the surface. Cantor Fitzgerald manages US Treasury bonds for Tether, and Howard Lutnick has repeatedly guaranteed this stablecoin giant. The company has been under strict scrutiny for years for refusing to disclose the complete audit results of its reserves. It is reported that Howard Lutnick is one of Trump's major fundraisers, as well as the co-chair of Trump's transition team. Now that Trump is about to take office in January next year, Howard Lutnick has obtained an important position in his cabinet. It is reported that he is one of Trump's nominees for Treasury Secretary, and the Polymarket prediction market believes that he has a 26% chance of being nominated.