Howard Lutnick, the chief executive officer of Cantor Fitzgerald LP, has verified the financial solidity of Tether Holdings. Lutnick's company, which serves as the custodian for Tether, has affirmed the consistency of Tether's financial reports with their declared assets. As per the latest data in June, Tether's assets were reported to be around $86 billion, a substantial amount aimed to underpin the $83 billion in circulation of its USDT stablecoin.
Cantor Fitzgerald is instrumental in overseeing a significant portion of Tether's assets. This validation is crucial, especially considering the long-standing doubts about Tether's claim of having a one-to-one dollar backing for its stablecoin.
In a Bloomberg Television interview, Lutnick stated with confidence that Tether possesses the funds it claims to have. He stressed that his
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First found on: CEO of Cantor Fitzgerald Validates Financial Stability of Tether
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