Tether custodian Cantor Fitzgerald loves Tether, chief says
Cantor Fitzgerald chief Howard Lutnick recently appeared on CNBC’s Money Movers podcast and, in the process, discussed his financial firm’s relationship with leading stablecoin Tether . Lutnick was quick to share his opinions throughout the interview, including that stablecoins are great, Bitcoin is good for oligarchs, and Ethereum is incredibly centralized. “I’m a big fan of this stablecoin called Tether … I hold their treasuries,” Lutnick said on the podcast. “So I keep their treasuries, and they have a lot of treasuries.” Lutnick then highlighted that “they’re over $90 billion now.” This comment seems to refer not to the treasuries that Tether holds — since they only have $56.6 billion — but to the market cap of the token itself, which has recently broached $90 billion. The 62-year-old chose to additionally highlight differences between Bitcoin and Tether, specifically highlighting how Tether will respond when t...