Cantor Fitzgerald Chairman Says He Has Personally Verified Tether’s Reserves, Refuting Rumors

“I personally checked a lot of their reserves, and we proved a lot of rumors wrong,” said Brandon Lutnick, chairman of Cantor Fitzgerald, at the Consensus 2025 conference in Toronto. He said that in the early days of working with Tether, there were “a lot of rumors” that Tether did not have enough reserves. Lutnick stressed that although Bloomberg reported that he had interned for Tether in Lugano, Switzerland, he clarified: “That’s not true.”