✨ Cantor Fitzgerald's CEO Supports Tether Amidst Criticism
posted 17 Jan 2024
Howard Lutnick, the CEO of financial company Cantor Fitzgerald, has come out in support of Tether (the issuer of the USDT stablecoin) amidst various allegations of money laundering and insufficient backing. He highlighted his firsthand experience with the company, overseeing some of their assets.
“From what we’ve seen, and we did a lot of work, they have the money they say they have,” Howard emphasized.
He noted that the American adoption of dollar-pegged stablecoins is relatively low, with many not recognizing their potential benefits. In contrast, in economically challenged countries with high inflation, such as Argentina and Nigeria, there's a notable trend of people acquiring USDT to maintain the value of their savings.
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