Cantor Fitzgerald’s Howard Lutnick Says Stablecoins Help to Support the Dollar

The financial services firm serves as custodian for Tether
Lutnick voices opposition to central bank digital currencies

Howard Lutnick, chairman and chief executive officer of Cantor Fitzgerald LP, during a Bloomberg Television interview in Davos, Switzerland, on Jan. 16. Photographer: Hollie Adams/Bloomberg

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By Muyao Shen and María Paula Mijares Torres

April 10, 2024 at 2:25 PM UTC

Updated on

April 10, 2024 at 4:56 PM UTC

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Cantor Fitzgerald LP Chief Executive Officer Howard Lutnick said that crypto stablecoins are beneficial for the US economy and said that the tokenization of financial assets will likely increase.

“Dollar hegemony is fundamental to the United State of America. It matters to us, to our economy,” Lutnick said during a Chainalysis conference in New York on Wednesday. “That’s why I’m a fan of properly backed stablecoins. I’m a fan of Tether. I’m a fan of Circle.”