SpletInstitutional investors are increasingly shorting tether (USDT), the world's largest stablecoin, amid a wider market sell-off and on the heels of TerraUSD (U... Splet11. mar. 2024 · Fir Tree Capital Management, a $4 billion hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators. Decrypt reports: …
Hedge Funds Take Short Positions Against Tether
SpletThe Other Reason To Short Tether. Because this method of shorting doesn’t require you to borrow money, and because it doesn’t expose you to involuntary liquidation, it’s safer than your typical short sale. Now, maybe you don’t think that Tether will collapse. Well, there’s still a good reason to short Tether dominance (if not Tether ... Splet16. mar. 2024 · Hedge fund Fir Tree Capital has opened a Tether (USDT) short and expects it to pay off sometime over the next 12 months, reports Bloomberg. Fir Tree made the bet … prc short for
Report: Billion-Dollar Hedge Fund Fir Tree Eyes Shorting the …
Splet15. mar. 2024 · Photographer: Tiffany Hagler-Geard/Bloomberg , Bloomberg. (Bloomberg) -- A renewal of interest by traditional hedge funds in shorting Tether has highlighted the … Splet21. nov. 2024 · Tether or USDT is a cryptocurrency pegged to the US dollar (USD) on a one-to-one basis. However, there have been several instances of depegging and the complete collapse of stablecoins. As of 21 November, tether was the world’s largest stablecoin, with a market capitalisation of over $65.8bn. OTether was the third largest cryptocurrency by ... Splet27. jun. 2024 · Tether can't go more than a small fraction over a 1 dollar and the interest rate on shorting Tether is small. So this is a bet with only an upside. That said, Tether is likely safe. They made a killing buying bitcoin and then I suspect moved to other more secure assets. Even if bitcoin goes to zero and if the wider stock market tanks by 10-20% ... scooby pet