Howard Lutnick, CEO of Cantor Fitzgerald, confirmed their business relationship with Tether, expressing strong support for the stablecoin.
In a CNBC podcast interview, Lutnick revealed that Cantor Fitzgerald manages Tether's treasuries, highlighting Tether's substantial treasury holdings.
Lutnick emphasised Bitcoin's unique position as an "uncontrollable" asset due to its decentralised nature, in contrast to Tether's centralised control mechanism.
This confirmation aligns with previous reports linking Tether and Cantor Fitzgerald, with Tether holding over $70 billion in U.S. Treasury bills as of November.