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First Mover Asia: How Traders Are Shorting Tether Stablecoins; Bitcoin Falls but Holds Above $20K

Hedge funds are increasingly betting against USDT in anticipation of it losing value amid concerns about the coin’s reserve backing and systemic risks; ether drops.

Hedge funds are increasingly betting against Tether. (Andreas Wagner/Unsplash)
Hedge funds are increasingly betting against Tether. (Andreas Wagner/Unsplash)