TechFlow news: Howard Lutnick, CEO of Cantor Fitzgerald, the custodian of Tether, said stablecoins have driven demand for U.S. Treasuries and are beneficial to the global dominance of the U.S. dollar.
Lutnick stated that China might view a potential digital dollar as a spy wallet. He believes stablecoins are foundational to the U.S. economy and do not pose systemic risks to the world. Cryptocurrency traders widely use stablecoins as funding currencies, and Tether is one of the largest stablecoin issuers globally.
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