Cantor CEO confirms Tether holds $86B in reserve to back its stablecoin USDT
Cantor Fitzgerald CEO Howard Lutnick told reporters that USDT issuer Tether does, in fact, have the billions of dollars it needs to meet the 1 to 1 reserve requirements for its stablecoin. Lutnick made the confirmation during an interview with Bloomberg at the World Economic Forum in Davos on Jan. 16. His statement comes as...