Tether Under Attack | USDT CTO Blames Hedge Fund Short Sellers

Paul Barron Network

Tether Under Attack | USDT CTO Blames Hedge Fund Short Sellers

Paolo Ardoino, the chief technology officer (CTO) of Bitfinex and its stablecoin Tether (USDT), has reacted to reports that traditional hedge funds have joined retail traders in shorting USDT. The Wall Street Journal (WSJ) reported Monday that a growing number of hedge funds had opened USDT short positions, worth hundreds of millions” of dollars in notional value, with Genesis Global Trading Inc., a leading crypto brokerage for professional investors, in the past month. ~This episode is sponsored by Bybit & iTrust Capital~ Receive up to a $4,450 Bonus upon depositing & signing up to Bybit. Join Now! – N iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ l #Tether #crypto #cryptocurrency ~Tether Under Attack | USDT CTO Blames Hedge Fund Short Sellers~ ⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺ Become a Diamond Circle Member FREE! ➜ e Subscribe on YouTube ✅ e Facebook 📱 k Twitter 📱 r Crypto Power Index Beta Access ➜ x Looking for the best tax havens for Crypto? Free Month with iTrust Capital – Use PROMO CODE – PAUL BARRON N ───────────────────────────

10 thoughts on “Tether Under Attack | USDT CTO Blames Hedge Fund Short Sellers”

  1. Stop fudding Tether.
    Even Banks don’t have all the deposits placed in them. If there were a bank run, no bank will be able to fulfill it’s obligations.
    Bank deposits are FDIC insured only to a fixed cap, anything above will be lost in a bank run

  2. That's needed urgently. A very hard / good stress test must be done / applied to TETHER. Those assholes have avoided their investments and how they backed the stable coin for so long and many times. .
    If they pass these tests, then we can have a breath and the market may make a relief rally.

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