BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Cantor Fitzgerald Chairman Verified Tether’s Reserves Amid Early Skepticism
Cantor Fitzgerald Chairman Verified Tether’s Reserves Amid Early Skepticism
20
3
Cantor Fitzgerald Chairman Brandon Lutnick personally audited Tether’s reserves during the formative stages of their partnership, dispelling widespread doubts about the stablecoin’s backing. The due diligence followed allegations by New York regulators in 2019 that Tether faced a near $1 billion shortfall—claims later settled without admission of wrongdoing.
"I personally checked a lot of their reserves, and we proved a lot of those rumors wrong," Lutnick revealed at Consensus 2025. His verification lends institutional credibility to Tether’s longstanding claim of maintaining full collateralization, a critical factor for stablecoin stability in cryptocurrency markets.
By:
