A $4 Billion Hedge Fund Is Shorting Tether's Stablecoin
Fir Tree Capital Management is shorting the stablecoin Tether amid regulatory scrutiny and fears over ties to the Chinese debt market.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Visa’s Stablecoin Funding Moves Beyond the Pilot Stage
TL;DR: Visa says Inyo Global is the first enabler to bring its stablecoin-enabled Visa Direct prefunding into production for eligi...
BNB Chain leads all blockchains in tokenized fund growth, adding $3.7 billion
BNB Chain's rapid growth in tokenized funds highlights the increasing demand for blockchain-based financial products, reshaping tr...
Janus Henderson Launches Onchain Nasdaq-100 Fund With Centrifuge, Exclusively on Stellar
Janus Henderson, the London-headquartered asset manager with roughly half a trillion dollars under management, has rolled out JQQQ...
Ripple Gets Final Federal Approval for a Trust Bank to Manage Its Stablecoin’s Reserves
Ripple announced on Oct. 26 that its trust bank has received its final federal charter, creating a federally supervised entity to...
Blackrock Joins Ripple Ally SBI in a Yen Stablecoin Bet on Japan
Blackrock has signed on with SBI Holdings and Startale Group to explore plugging tokenized money market funds into JPYSC, Japan’s...
XRP Eyes $15 as Ripple Wins Final Bank Approval Ahead of Swell
Ripple has secured final U.S. approval for its national trust bank, giving XRP investors another reason to watch the coin as Swell...