Tether Custodian: Stablecoins Benefit the U.S. Economy

ChainCatcher news, Cantor Fitzgerald's CEO Howard Lutnick stated that stablecoins have driven demand for U.S. Treasuries and are beneficial to the global dominance of the dollar.

Lutnick mentioned that China might view a potential digital dollar as a spy wallet. He believes that stablecoins are the foundation of the U.S. economy and do not pose a systemic risk to the world. Cryptocurrency traders widely use stablecoins as a funding currency, and Tether is one of the largest stablecoin issuers globally.