Cantor Fitzgerald CEO Howard Lutnick Is a Tether Supporter
Howard Lutnick, the CEO of Cantor Fitzgerald, has confirmed that his company has a business relationship with Tether, the issuer of USDT stablecoin. In an interview on CNBC’s Money Movers, Lutnick expressed his support for Tether and revealed that his company holds their treasuries. He emphasized that Tether has a substantial amount of treasuries, with a value over $90 billion. Lutnick also discussed the differences between Tether and Bitcoin, stating that Tether can be frozen by a call from someone, while Bitcoin cannot be controlled or stopped by anyone. This announcement confirms previous reports of the Tether-Cantor Fitzgerald partnership, as reported by the Wall Street Journal. According to the latest financial disclosure report, Tether held more than $70 billion in U.S. Treasury bills in November.
Adam Back Reacts to Lutnick’s Statements
Adam Back, the CEO of Blockstream, praised Lutnick’s statements and congratulated Tether CEO Paolo Ardoino for his alleged involvement in the matter. In a tweet, Back expressed his appreciation for the media coverage surrounding Tether, highlighting the significance of Lutnick’s endorsement.
Hot Take: Cantor Fitzgerald CEO Bets on Tether
Cantor Fitzgerald CEO Howard Lutnick has publicly revealed his support for Tether, the largest stablecoin in the cryptocurrency market. Lutnick confirmed the business relationship between his company and Tether, stating that his firm holds their treasuries. This announcement solidifies the reports of the Tether-Cantor Fitzgerald partnership. Lutnick also discussed the differences between Tether and Bitcoin, highlighting Tether’s controllable nature compared to the uncontrollable nature of Bitcoin. With Tether holding over $90 billion in treasuries, its position in the market remains strong. The endorsement from Lutnick further elevates Tether’s status and credibility in the crypto industry.
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