Tether Shorts Pile In As Hedge Funds Seek To Profit From Crypto Winter - BitcoinEthereumNews.com
क्रिप्टोTether Shorts Pile In As Hedge Funds Seek To Profit From Crypto Winter06 / 27 / 2022बिटकॉइन एथेरियम समाचार The crypto ecosystem is still dealing with the fallout caused by the collapse of the Terra ecosystem, the company behind stablecoin USDT, Tether, is being targeted by hedge funds. Confirmed by Paolo Ardoino, CTO at Tether and crypto exchange Bitfinex, via his Twitter account. संबंधित पढ़ना | कार्डानो ने अपने चार्ट पर यह पैटर्न बनाया, सिक्का कहाँ जा रहा है? According to the rumors, hedge funds have been opening short positions on Tether (USDT) and have been actively seeking to create panic in the crypto industry to affect the stablecoin. Peg 1:1 to the value of the U.S. dollar, these entities might be trying to replicate the events that crash LUNA and UST. These digital assets were at the epicenter of the Terra ecosystem, the latter operated as an algorithmic stablecoin pegged to the U.S. dollars until it crashed losing over 90% of its value. अनुसार to Ardoino, hedge funds might try to profit by creating the conditions for a similar crash with USDT: I have been open about the attempts from some hedge funds that were trying to cause further panic on the market after