TechFlow news — Howard Lutnick, CEO of Wall Street bond trading giant Cantor Fitzgerald, said in an interview with Bloomberg: "I manage a lot of Tether's assets, and we've done extensive work. Tether has the funds they claim to have... and we've seen it, they truly do hold these funds."
FOX journalist Eleanor Terrett retweeted the comment, saying: "This is the most ad-like statement I've ever seen in a TV interview."
Earlier report: Howard Lutnick, CEO of Wall Street firm Cantor Fitzgerald, praised stablecoin issuer Tether (USDT), calling himself a "huge fan" of the company. While many Wall Street firms have shied away from crypto-related businesses—especially after the collapse of Silicon Valley Bank—Lutnick has spent years helping Tether manage its multi-billion-dollar U.S. Treasury investment portfolio.
