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Crypto Fund Arca Doubled Down on UST Amid Stablecoin’s Collapse

“UST will ultimately maintain its peg,” the hedge fund told partners Tuesday in a note obtained by CoinDesk.

Updated May 11, 2023, 6:50 p.m. Published May 11, 2022, 8:01 p.m.
Arca's Rayne Steinberg speaks at CoinDesk's Invest:NYC 2019. (CoinDesk archives)
Arca's Rayne Steinberg speaks at CoinDesk's Invest:NYC 2019. (CoinDesk archives)