{"id":26552,"date":"2023-12-13T05:36:21","date_gmt":"2023-12-13T05:36:21","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/im-a-big-fan-cantor-fitzgerald-ceo-praises-tether-and-bitcoin\/"},"modified":"2023-12-13T05:36:23","modified_gmt":"2023-12-13T05:36:23","slug":"im-a-big-fan-cantor-fitzgerald-ceo-praises-tether-and-bitcoin","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/im-a-big-fan-cantor-fitzgerald-ceo-praises-tether-and-bitcoin\/","title":{"rendered":"\u2018I\u2019m a big fan\u2019: Cantor Fitzgerald CEO praises Tether and Bitcoin"},"content":{"rendered":"
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Howard Lutnick, the CEO of Wall Street firm Cantor Fitzgerald has praised stablecoin issuer Tether (USDT), describing himself as a “big fan” of the firm.<\/p>\n
“I’m a big fan of this stablecoin called Tether…I hold their treasuries. So I keep their treasuries, and they have a lot of treasuries,\u201d Lutnick said in a Dec. 11 interview with CNBC.<\/p>\n
\u201cThey’re over $90 billion now, so I’m a big fan of Tether,\u201d the Cantor Fitzgerald CEO said.<\/p>\n
Notably, Cantor Fitzgerald has been helping manage Tether\u2019s multi-billion dollar Treasury portfolio for several years, despite many Wall Street firms shying away from crypto businesses, particularly in the wake of the Silicon Valley Bank crash. <\/p>\n
A Feb. 10 report from the Wall Street Journal said the partnership between Cantor and Tether began in late 2021, citing anonymous sources familiar with the matter. <\/p>\n
\nCantor Fitzgerald CEO Howard Lutnick on Tether on CNBC:<\/p>\n
“I’m a big fan of this stablecoin called Tether…I hold their treasuries… and they have a lot of treasuries. They are over $90 billion now\u2026 I’m a big fan of Tether.”https:\/\/t.co\/mKeDnSe3iM<\/p>\n
\u2014 Gabor Gurbacs (@gaborgurbacs) December 12, 2023<\/a><\/p><\/blockquote>\n
Cantor Fitzgerald is one of a few brokerage firms that can trade Treasury bonds, along with Charles Schwab, Fidelity, and Vanguard.<\/p>\n
\nCantor CEO Howard Lutnick\u2019s comments on bitcoin and tether pic.twitter.com\/E4j3uFdbAl<\/a><\/p>\n