Report: Billion-Dollar Hedge Fund Fir Tree Eyes Shorting the Stablecoin Tether – Bitcoin News

has been relatively stable for many years, Fir Tree is betting its short wager could win in around 12 months.backed by high-yield commercial paper. The hedge fund thinks that much of that exposure is associated with China’s real estate businesses. Bloomberg’s Katherine Burton mentions that China’s real estate economy has been in dire straits, as the real estate giant Evergrande Group is in the midst of being restructured by the government.

“While Tether has said it doesn’t own Evergrande paper, Fir Tree expects that some of the paper it does own will lose value, causing a potentially large drop in the reserves it holds, the investors said,” Burton writes in her report about Fir Tree’s stablecoin short idea.

Source: Digital Coin News (digitalcoinnews.net)

Tether demonstrates a high level of demand in the market - many experienced crypto traders work with this stable coin.

sounds absurd. profit out of thin air

Not bad, I can spend some of my USDT coins.

That's a very smart move if your IQ is 50 🤪

There are investment ideas that will actually generate income. They can freeze money in another way

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Is this useful for making money? Can this be implemented to whole system?

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This is unlikely, usdt has remained stable.

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