According to Bloomberg, Howard Lutnick, the CEO of Cantor Fitzgerald, has expressed his support for stablecoins, saying they are fundamental to the United States economy. At a Chainalysis conference in New York, Lutnick expressed support for properly collateralized stablecoins such as Tether and Circle, saying they pose no systemic risk to the world and increase demand for U.S. Treasuries .

Lutnick also opposed central bank digital currencies (CBDCs), expressing concerns that they could be viewed negatively by other countries, particularly China. He suggested that China could see a US CBDC as a “US spy wallet”.

In addition to his views on stablecoins and CBDCs, Lutnick also discussed the potential for more real-world assets, such as bonds, to be traded on blockchains through a process called tokenization. He predicted that with the development of fast and inexpensive blockchains, there will be a significant increase in the tokenization of financial assets over the next decade.

This view is shared by several financial heavyweights, including BlackRock Inc., Brevan Howard and KKR, all of whom have announced efforts to tokenize parts of their funds. Citigroup estimates that the tokenization market could reach $5 trillion by 2030.