Tether Custodian: Stablecoins are good for the U.S. economy
According to ChainCatcher news, Howard Lutnick, CEO of Tether’s custodian Cantor Fitzgerald, said that stablecoins drive demand for U.S. Treasury bonds and are beneficial to the global dominance of the U.S. dollar.
Lutnick said China could view a potential digital dollar as a spy wallet. It is believed that stablecoins are the foundation of the US economy and will not pose systemic risks to the world. Stablecoins are widely used by cryptocurrency traders as funding currencies, and Tether is one of the largest stablecoin issuers in the world.
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