DeFi Will Tether's USDT be the Next Stablecoin to Collapse? Tether’s USDT stablecoin is losing market cap. Tether could collapse in a major market downturn because it holds non-cash assets in its treasury.
Tether (USDT) Hedge Fund Shorts Stablecoin Tether (USDT) Hedge fund Fir Tree Capital Management took a large short position against Tether. If its bet pays off, the hedge fund is expecting to see returns within 12 months.
DeFi DeversiFi Pays $23 Million in Fees to Transfer $100,000 Then Gets the Money Back Bitfinex made the news last week after paying over $23 million in Ethereum (ETH) gas fees to transfer $100,000 in Tether (USDT).