Market Cap: $2,630,753,519,880
24h Vol: $45,051,738,877
Cryptocurrencies: 30019
Markets: 116488
Cryptocurrencies: 30019
Markets: 116488
Market Cap: $2,630,753,519,880     
24h Vol: $45,051,738,877
Seeking Alpha 2023-02-10 20:22:38

Cantor Fitzgerald reportedly manages over half of Tether's reserves

Cantor Fitzgerald reportedly manages over half of Tether's reserves
Wall Street brokerage Cantor Fitzgerald has been overseeing stablecoin issuer Tether Holdings' $39B Treasury bond portfolio, the Wall Street Journal reported Friday, citing people with knowledge on the matter. Hong Kong-based Tether is the issuer of stablecoin tether ( USDT-USD ), the world's most traded digital token with a market cap of $68.2B, according to CoinMarketCap data . The news followed Tether's attestation report Thursday showing its assets stood at $67.04B at the end of 2022, 58% ($39.2B) of which consisted of government backed Treasury bills. The company started moving its reserves into Cantor in late 2021, around the time it paid a civil monetary penalty of $41M to settle charges brought against by the Commodity Futures Trading Commission, one of the people told the newspaper. Separately, Federal Reserve Board Governor Christopher Waller said earlier that cryptocurrency is "nothing more than a speculative asset, like a baseball card."
esptco-banner img
Latest News

Videos

  • Spot Trading vs P2P Trading!

  • NFT Marketing: How to market your NFTs?

  • Stock Market Vs Crypto Fundamentals! Which is the best? Explained!

  • Tether USDT Coin : What It Is & What You Can Do With It? Simply Explained!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire