Cantor Fitzgerald CEO Backs Tether's Reserves, Though Crypto Industry Still Wants Audit
• Cantor Fitzgerald CEO Howard Lutnick vouched for Tether having the reserves to back USDT stablecoin
• Tether now holds mostly U.S. Treasuries as reserves, considered very safe assets
• Industry still has concerns about quality of Tether's reserves and wants an official audit
• Lutnick sees crypto as speculative assets for Americans, but more practical for countries with economic troubles
• Lutnick argues bitcoin and stablecoins don't offer much real value for average Americans