🚨🚨Cantor Fitzgerald Chairman Personally Verifies Tether’s Reserves — Market Confidence Restored?

At Consensus 2025, Brandon Lutnick, the 27-year-old Chairman of Cantor Fitzgerald, made headlines by stating he personally verified Tether’s reserves. In a space constantly under scrutiny for stablecoin transparency, this bold statement is fueling new debates about the credibility of USDT and the broader stablecoin market.

Lutnick’s appointment earlier this year raised eyebrows, coinciding with his father’s role as Commerce Secretary under President Trump. However, his recent comments have positioned him at the center of one of crypto’s most contentious topics: Tether’s financial backing.

Speaking directly to industry leaders and the media, Lutnick claimed that he physically reviewed Tether’s reserve documentation and found the assets backing USDT to be “fully intact and appropriately managed.” This rare, direct confirmation from a leading Wall Street institution could significantly boost market confidence in Tether, which has long been the subject of skepticism regarding its reserve composition.

For years, critics have argued that Tether’s lack of transparent, third-party audits leaves the crypto ecosystem vulnerable to systemic risk. Given that USDT remains the most widely used stablecoin for liquidity and trading pairs, any uncertainty around its solvency has the potential to trigger broader market instability.

Lutnick’s statement also highlights the increasing involvement of traditional finance heavyweights in crypto oversight. Whether this signals a genuine push for higher standards or a strategic move to control narratives around digital asset markets remains to be seen.

Will this unprecedented verification bring lasting confidence to Tether and the stablecoin market, or is it simply another short-term PR play in a long-running controversy?#USDT