Cantor Fitzgerald, a financial services firm primarily owned by billionaire Trump loyalist Howard Lutnick, has been revealed to hold a nearly 5% stake in the world's largest stablecoin issuer, Tether, according to a Wall Street Journal report.

Howard Lutnick, chief executive officer of Cantor Fitzgerald – which has about $3.53 billion in holdings – has been named as the co-chair of President-elect Donald Trump‘s transition team. Lutnick will lead the U.