According to a report by The Block, Cantor Fitzgerald, a US financial services company, has been serving as the custodian for Tether since the end of 2021. As the custodian, Cantor manages a significant amount of Tether’s assets and also reviews a portion of its balance sheet. Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, confirmed during an interview with Bloomberg TV at the World Economic Forum in Davos that Tether does indeed possess the claimed reserves for its USDT tokens.
Cantor Fitzgerald Endorses Tether, Confirming Adequate Reserve Assets