Skip to content
Seaenergy Plc
Written by admin on 13. February 2023

Cantor Fitzgerald Manages $39B for Tether Stablecoin: WSJ

Allgemein

• Cantor Fitzgerald, a Wall Street bond trading powerhouse, is managing $39 billion of Tether’s reserves.
• The reserves are part of the $67 billion in bonds, cash and loans backing Tether’s stablecoin (USDT).
• Tether reported assets at year-end 2022 of $67 billion, with the majority in U.S. Treasury bills.

Cantor Fitzgerald Managing Tether’s Reserves

FinanceStablecoin Issuer Tether’s Reserves Partly Managed by Cantor Fitzgerald: WSJThe Wall Street bond trading powerhouse is managing Tether’s $39 billion bond portfolio, according to the report.

Tether’s Assets

Tether earlier this week reported assets at year-end 2022 of $67 billion, $39.2 billion of which were in U.S. Treasury bills. The rest of the assets were in money market funds, cash and other items. According to the WSJ report, Cantor is managing a $39 billion bond portfolio for the stablecoin issuer.

Cantor Fitzgerald Overview

Privately held and led by Howard Lutnick, Cantor Fitzgerald is among the best-known bond trading houses on Wall Street, and one of 25 primary dealers for U.S. Treasurys, allowing direct trade with the Federal Reserve.

CoinDesk Disclosure

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28Secure Your SeatStephen AlpherStephen Alpher is CoinDesk’s co-regional news chief, AmericasHe holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000Follow @SteveAlpher on Twitter Join the most important conversation in crypto and Web3 taking place in Austin

You may also like

Profit Secret Erfahrungen: Ist Profit Secret ein seriöser Krypto Broker?

Profit Revolution Review: Unveiling the Ultimate Bitcoin Scam?

Bitcoin Revival Erfahrungen: Ist der Krypto Broker zuverlässig?

Archives

  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • November 2022

Calendar

September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Aug    

Categories

  • Allgemein
  • Guide
  • PC
  • PowerPoint
  • smartwatch

Archive

  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • November 2022

Kategorien

  • Allgemein
  • Guide
  • PC
  • PowerPoint
  • smartwatch

Copyright Seaenergy Plc 2023 | Theme by ThemeinProgress | Proudly powered by WordPress