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Chronicles

The story behind the story

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As crypto markets melt down, hedge funds are increasingly shorting tether, as a bet against either the broader economy or the quality of the assets backing USDT

Professional investors got interested in shorting tether after the collapse of another stablecoin, TerraUSD

Wall Street Journal Vicky Ge Huang

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Discussion

  • @silvermanjacob Jacob Silverman on x
    Tradfi hedge funds are betting hundreds of millions against Tether via Genesis trading https://www.wsj.com/...