Most Influential: Brandon and Howard Lutnick

Brandon and Howard Lutnick, through their firm Cantor Fitzgerald, significantly boosted the legitimacy and stability of the world's largest stablecoin issuer, Tether, which had previously faced scrutiny over its banking relationships and reserve backing. Brandon Lutnick, current chairman of Cantor Fitzgerald, stated he personally verified Tether's reserves, helping to refute rumors. Cantor Fitzgerald has served as a custodian for Tether's U.S. Treasuries since at least 2021, with then-Chairman Howard Lutnick confirming the firm's services in 2023. This backing helped Tether move past issues like a 2021 settlement with the New York Attorney General over alleged reserve shortfalls. Cantor will also manage reserves for Tether's planned new U.S. stablecoin, though critics like S&P Global Ratings remain concerned about USDT's backing by volatile assets like Bitcoin. Howard Lutnick previously testified that while Cantor wasn't conducting continuous diligence, Tether possessed all necessary funds.

(Source：CoinDesk)