News/Tether Calls Thesis Behind $USDT Short-Selling Flat Out Wrong

Tether Calls Thesis Behind $USDT Short-Selling Flat Out Wrong

Aug 01,2022,10:38
Tether, the issuer of $USDT, says that hedge funds that attempted to short its stablecoin after Terra’s collapse in May are using a thesis that is "incredibly misinformed" and "flat out wrong". "The simple fact that hedge funds view Terra’s collapse as a constructive thesis to short USDT represents the asymmetric knowledge gap between cryptocurrency market participants and entities in the traditional finance space."
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