Cantor Fitzgerald’s Howard Lutnick Says Stablecoins Help to Support the Dollar

Cantor Fitzgerald LP Chief Executive Officer Howard Lutnick said that crypto stablecoins are beneficial for the US economy and noted that the tokenization of financial assets will likely increase.

“Dollar hegemony is fundamental to the United State of America. It matters to us, to our economy,” Lutnick said during a Chainalysis conference in New York on Wednesday. “That’s why I’m a fan of properly backed stablecoins. I’m a fan of Tether. I’m a fan of Circle.”