{"id":550435,"date":"2023-02-11T00:15:00","date_gmt":"2023-02-10T21:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tether-taps-cantor-fitzgerald-to-help-oversee-bond-portfolio-report\/"},"modified":"2023-02-11T00:15:00","modified_gmt":"2023-02-10T21:15:00","slug":"tether-taps-cantor-fitzgerald-to-help-oversee-bond-portfolio-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tether-taps-cantor-fitzgerald-to-help-oversee-bond-portfolio-report\/","title":{"rendered":"# Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27d1fa7314f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27d1fa7314f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tether-taps-cantor-fitzgerald-to-help-oversee-bond-portfolio-report\/#%E2%80%9D_Tether_taps_Cantor_Fitzgerald_to_help_oversee_bond_portfolio_Report_%E2%80%9C\" >&#8221; Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Tether_taps_Cantor_Fitzgerald_to_help_oversee_bond_portfolio_Report_%E2%80%9C\"><\/span>&#8221; Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvZWJhYjQ2ZDctZjI3Ni00NjdiLThjZTgtMWE0ZGU5OWM2ZDc5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4bbf85c5>Stablecoin issuer Tether Holdings is relying on the services of a major Wall Street firm to manage its Treasury portfolio, according to a Feb. 10 report by The Wall Street Journal.\u00a0<\/p>\n<p>Citing sources familiar with the matter, the Journal\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/wall-street-firm-oversees-billions-of-dollars-backing-tether-b56c68c1\">reported<\/a> that financial services company Cantor Fitzgerald is helping Tether oversee a $39 billion bond portfolio comprised of United States Treasury securities. The report indicates that some firms on Wall Street are willing to support crypto service providers despite ongoing regularity concerns facing the industry. <\/p>\n<p>Founded in 1945, Cantor Fitzgerald specializes in investment banking services, including institutional equity and fixed-income sales. The company claims to employ over 12,000 people. Beyond helping to \u201cmanage\u201d a portion of Tether\u2019s portfolio, Cantor Fitzgerald\u2019s specific involvement with the stablecoin issuer wasn\u2019t spelled out in the Journal\u2019s reporting. <\/p>\n<p>Cointelegraph reached out to a spokesperson at Tether to inquire about its alleged partnership with Cantor Fitzgerald. The company issued the following statement:<\/p>\n<blockquote><p>\u201cTether has grown to be the most important player in the digital assets industry and is collaborating and regularly exploring new business opportunities with high-quality counterparties.\u201d<\/p><\/blockquote>\n<p>Tether\u2019s total assets as of Dec. 31 were $67 billion, exceeding its consolidated liabilities of $66 billion and giving the company excess reserves of at least $960 million. The company reported $700 million in net profits during the fourth quarter, based on an independent attestation from BDO. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1) Tether&#8217;s Year-end 2022 Tether Independent Accountant report is in: Tether reveals $700m Profits For Q4\/2022. Commercial paper exposure eliminated, secured loans reduced, assets exceed liabilities.<\/p>\n<p>Blog:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Ysf7Di58rT\">https:\/\/t.co\/Ysf7Di58rT<\/a><\/p>\n<p>Transparency report: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/KChSjMcfuj\">https:\/\/t.co\/KChSjMcfuj<\/a><\/p>\n<p>\u2014 Gabor Gurbacs (@gaborgurbacs) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/gaborgurbacs\/status\/1623645469527113728?ref_src=twsrc%5Etfw\">February 9, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While Tether has attempted to dispel rumors about its solvency and accounting standards, the company has been singled out repeatedly by major publications for not being transparent about the assets backing its USDT (USDT) reserves. In 2022, the criticisms shifted from whether Tether\u2019s USDT is fully backed to the composition of the assets underpinning the stablecoin. By October, Tether had unwound its exposure to commercial paper in favor of Treasury bills in response to public scrutiny about its portfolio \u2014 namely, its alleged oversized exposure to Chinese commercial paper. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>82% of Tether reserves held in \u2018extremely liquid\u2019 assets, according to attestation<\/em><\/strong><\/p>\n<p>Tether\u2019s USDT remains the largest stablecoin by market capitalization at nearly $68.2 billion, according to CoinMarketCap. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/tether-taps-cantor-fitzgerald-to-help-oversee-bond-portfolio-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report &#8220; Stablecoin issuer Tether Holdings is relying on the services of a major Wall Street firm to manage its Treasury portfolio, according to a Feb. 10 report by The Wall Street Journal.\u00a0 Citing sources familiar with the matter, the Journal\u00a0reported that financial services company&#8230;<\/p>\n","protected":false},"author":1,"featured_media":550436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/ebab46d7-f276-467b-8ce8-1a4de99c6d79.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75493,74336,117,36041],"class_list":["post-550435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-stablecoin","tag-bonds","tag-business","tag-tether"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=550435"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/550436"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=550435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=550435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=550435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}