Cantor Fitzgerald CEO praises Tether and Bitcoin

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.

“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,” Lutnick said in a Dec. 11 interview with CNBC.

“They’re over $90 billion now, so I’m a big fan of Tether,” the Cantor Fitzgerald CEO said.

Notably, Cantor Fitzgerald has been helping manage Tether’s 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.

A Feb. 10…

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