Tether Custodian: Stablecoins are good for the U.S. economy

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2024/04/11 10:27

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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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