Cantor Fitzgerald owns most of Tether's assets: WSJ

Financial services firm Cantor Fitzgerald owns the bulk of USDT stablecoin issuer Tether's $134 billion in assets, primarily U.S. Treasury bills, earning tens of millions of dollars in fees annually, according to sources cited by The Wall Street Journal. Howard Lutnick, who heads Cantor Fitzgerald and was recently selected by U.S. President-elect Donald Trump's transition team as the next Commerce Secretary, announced in a Nov. 21 statement that he would resign from the firm upon Senate confirmation of his new role.