Cantor Fitzgerald LP’s CEO is bullish on asset tokenization and stablecoins. Howard Lutnick believes that stablecoins can benefit the US economy. Lutnick also voiced concerns about central bank digital currencies (CBDCs). During a recent Chainalysis conference in New York, Cantor Fitzgerald LP’s CEO, Howard Lutnick, shared his perspective on the role of stablecoins and the […]
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- Cantor Fitzgerald LP’s CEO is bullish on asset tokenization and stablecoins.
- Howard Lutnick believes that stablecoins can benefit the US economy.
- Lutnick also voiced concerns about central bank digital currencies (CBDCs).
During a recent Chainalysis conference in New York, Cantor Fitzgerald LP’s CEO, Howard Lutnick, shared his perspective on the role of stablecoins and the future of asset tokenization, emphasizing their potential benefits for the US economy.
Lutnick underscored the significance of dollar hegemony to the United States, stating,
Dollar hegemony is fundamental to the United States of America. It matters to us, to our economy.
He expressed support for properly backed stablecoins, specifically mentioning Tether (USDT) and Circle’s USD Coin (USDC), praising their contributions to the cryptocurrency market. It is important to note that Cantor Fitzgerald serves as a custodian for Tether Holdings Ltd., adding weight to Lutnick’s endorsement of stablecoins.
While acknowledging past speculation regarding Tether’s backing, Lutnick emphasized stablecoins’ role in mitigating non-systemic…
The post Cantor Fitzgerald CEO Advocates for Stablecoins and Asset Tokenization appeared first on Coin Edition.
