Summary
Howard Lutnick, CEO of Cantor Fitzgerald, confirms that Tether has the money it claims to have. Cantor has been a Tether custodian and has been able to review the company’s balance sheet.
Key Points
1. Howard Lutnick, chairman and CEO of Cantor Fitzgerald, affirms that Tether has the funds it purports to possess.
2. Cantor Fitzgerald, a Tether custodian since late 2021, has had access to parts of Tether’s balance sheet for examination.
3. Lutnick’s statement reinforces the credibility of Tether’s claims about its financial reserves.