Big Wall Street CEO Addresses Controversy Around Tether's Stablecoin Assets: 'They Have the Money'
Summary
Cantor Fitzgerald CEO Howard Lutnick affirmed Tether's legitimacy, stating they have the assets they claim. Tether's latest attestation report showed $86.4 billion in reserves, mostly backed by U.S. Treasuries. However, concerns persist, with S&P Global's poor score and the absence of an official audit. Lutnick, a Tether fan, also discussed the speculative nature of cryptocurrencies in the U.S. versus their practical use in countries like Argentina, Venezuela, and Turkey.
