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Most Influential: Brandon and Howard Lutnick

Cantor Fitzgerald confirmed Tether's $180 billion USDT reserves at Consensus Toronto 2025, addressing concerns from regulators and ratings agencies over reserve transparency.

Summary by Coin Desk
The world's biggest stablecoin issuer struggled to maintain banking relationships for a few years and faced accusations it wasn't fully backing its circulating tokens — then one of the world's biggest financial firms, Cantor Fitzgerald, became its custodian.

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Coin Desk broke the news in Manila, Philippines on Tuesday, December 9, 2025.
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