Stablecoins Are Beneficial to U.S. Economy, Tether’s Custodian Says
Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said.
Tether
Tether’s USDT Stablecoin Touches $100B Market Cap, Benefiting From Crypto Trading Frenzy
Despite years-long scrutiny over Tether’s stability, USDT saw a rapid resurgence in 2023 benefiting from its close competitors’ troubles.
Wall Street Journal Accused of Defamation Over 2023 Tether-Bitfinex Article
Christopher Harborne and his aviation fuel broker AML Küresel were wrongly accused of “committing fraud, laundering money, and financing terrorists,” according to the lawsuit.
U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan
USDT’s appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.
Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap
The stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.
Big Wall Street CEO Addresses Controversy Around Tether’s Stablecoin Assets: ‘They Have the Money’
Tether’s $95 billion USDT has been dogged by questions around whether it actually holds the assets it says are backing the stablecoin. Cantor Fitzgerald’s Howard Lutnick, whose firm manages Tether assets, says it does.
Tether Hits Back at UN Report Alleging Role of USDT in Illicit Activity in East Asia
Tether said it was “disappointed” that the report had singled out its stablecoin, USDT.
Cantor Fitzgerald CEO Is a Bitcoin Maxi and Tether Fan
Cantor Fitzgerald is one of the custodians for Tether’s $90 billion worth of treasuries.
Tether, Bitfinex to Drop Opposition to New York Freedom of Information Law Request
The firms said dropping the opposition doesn’t mean a “wholesale release” of all documents.
Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans
The USDT stablecoin currently has a market cap of roughly $84 billion.