Tether CTO: Hedge Funds Launch an “organized attack” to Damage Tethers Liquidity

The Tether CTO Paolo Ardoino responded to rumors that hedge funds have already been taking millions in loans to short USDT since Terra (LUNA) collapsed in May, speaking on Twitter on Monday, June 27.

He has revealed that hedge funds intending to short sell the dollar-pegged cryptocurrency asset have launched an “organized attack” on the stablecoin to damage Tethers liquidity.

 

[Via]

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