Tag: tether stablecoin

Top stablecoin Tether slashes commercial paper holdings amid crypto gloom

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[ad_1] Tether, the world’s largest stablecoin, said on Friday it had cut its commercial paper holdings by around 58% as part of an earlier commitment to reduce its exposure to riskier assets. Stablecoins – a variety of cryptocurrencies designed to keep a steady value – are in sharp focus after the collapse of the TerraUSD […]

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Hedge funds being used to short Tether, create another Terra-Luna episode: Report

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[ad_1] The world’s largest stablecoin Tether is likely being shorted by hedge funds. This comes as the market continues to witness an intense sell-off after the Luna-Terra fiasco. Shorting or short-selling refers to an act of selling a digital asset in the hope that it falls in value and then you can buy it back […]

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