Cantor Fitzgerald CEO says he loves Bitcoin the most and is a fan of Tether
2023-12-13 07:35
Odaily News Howard Lutnick, CEO of Wall Street bond trading giant Cantor Fitzgerald, said in an interview with CNBC’s Money Movers podcast: “I am a fan of cryptocurrency, but let me be very specific, it has to be Bitcoin.” Lutnick He also said that he is a fan of Tether and Cantor Fitzgerald is one of Tether’s custodians. Other custodians include Charles Schwab and Fidelity. (CoinDesk) According to previous news in February, according to people familiar with the matter, stablecoin issuer Tether’s USDT reserves of US$39 billion (U.S. Treasury bonds) are managed by Wall Street bond trading giant Cantor Fitzgerald. Tether reported earlier this week that it had $67 billion in assets as of the end of 2022, with $39.2 billion in U.S. Treasury bonds and the remainder in money market funds and cash. It is reported that Cantor Fitzgerald, privately held and led by Howard Lutnick, is one of the most well-known bond traders on Wall Street and one of the 25 primary dealers of U.S. Treasury bonds that can trade directly with the Federal Reserve.
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