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 also said , he is a big fan of Tether. It is reported that Cantor Fitzgerald is one of Tether’s custodians, and other custodians include Charles Schwab and Fidelity. (CoinDesk)
Previous news in February revealed that stablecoin issuer Tether’s $39 billion in USDT reserves (U.S. Treasury bonds) were managed by Wall Street bond trading giant Cantor Fitzgerald, according to people familiar with the matter.
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.