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International Business Times
International Business Times
Business
Nica Osorio

Tether CEO Reacts After Cantor Fitzgerald's Chair Validates Stablecoin Issuer's Reserve Strength

Tether Cantor Fitzgerald Howard Lutnick Bitcoin Paolo Ardoino Bitfinex SP Global United States
Smartphone with Tether logo is placed on displayed U.S. dollars in this illustration taken, May 12, 2022. (Credit: Reuters / DADO RUVIC)

KEY POINTS

  • Tether cemented its position as the 10th largest Bitcoin holder earlier this year
  • USDT garnered the second-lowest rating in S&P Global's evaluation of stablecoin stability
  • Cantor Fitzgerald CEO confirmed that the company indeed possesses the funds it reported

Tether CEO Paolo Ardoino has issued a statement after Howard Lutnick, chairman, CEO, and the majority owner of financial services giant Cantor Fitzgerald validated the strength of the crypto business' reserves and confirmed the stablecoin issuer's claims.

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