Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report - CoinDesk
6/27/2022 12:00:00 AM2 years 10 months ago
by Shaurya Malwa
by Shaurya Malwa
The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said.
Crypto-focused hedge funds are increasingly shorting U.S. dollar-pegged stablecoin tether (USDT) amid a bleak market outlook nearly a month after the implosion of the terraUSD (UST) stablecoin, the W… [+2125 chars]
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