Trader Takes $4M Short on TrueUSD as Issuer Halts Mintages and Redemptions

Following the issuer’s decision to temporarily halt minting and redemptions through its banking partner Prime Trust, a trader took advantage of the situation by initiating an on-chain short position in the TrueUSD (TUSD) stablecoin. According to data on-chain Ethereum user utilized Aave V2 lending platform by depositing 7.5 million USDC stablecoins as collateral. They then […]