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I read between the lines, that there was a play trying to short reserve assets of the entity behind tether or something.
by dekervin 4y ago
I read between the lines, that there was a play trying to short reserve assets of the entity behind tether or something.
- carnitine 4y agoHow would that work? They can just hold the instruments to maturity and it’s all either highly liquid treasuries which would be practically immune to shorting or illiquid commercial paper with no borrow.
- dekervin 4y agoHere is the most detailed explanation of the "plan" I could find online [1]. Let me know what you think of its feasability ! [1] https://www.ledgerinsights.com/hedge-fund-makes-short-wager-against-stablecoin-tether/ https://www.ledgerinsights.com/hedge-fund-makes-short-wager-...