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bitcoin
Bitcoin (BTC) $ 68,743.42
ethereum
Ethereum (ETH) $ 2,439.57
tether
Tether (USDT) $ 0.999901
bnb
BNB (BNB) $ 559.88
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.506544
binance-usd
BUSD (BUSD) $ 0.997914
dogecoin
Dogecoin (DOGE) $ 0.169727
cardano
Cardano (ADA) $ 0.331287
solana
Solana (SOL) $ 163.25
matic-network
Polygon (MATIC) $ 0.299872
polkadot
Polkadot (DOT) $ 3.84
tron
TRON (TRX) $ 0.161488
More

    Dealer takes $4M brief place on TrueUSD as issuer halts mints and redemptions

    Latest News

    Following TrustToken’s choice to briefly halt mints and redemptions of its TrueUSD () stablecoin by means of its banking companion, Prime Belief, a dealer has taken benefit of the scenario by initiating an on-chain brief place.

    In accordance with on-chain information, an consumer utilized Aave’s v2 lending platform to deposit 7.5 million (USDC) as collateral. They then borrowed 4 million TUSD and promptly offered it for USDC. This technique of borrowing and instantly promoting is incessantly employed to ascertain a brief place on a selected asset.

    Proceed Studying on Coin Telegraph

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