Short Sellers Bet Tether, Crypto’s Central Bank, Is Vulnerable to a Run

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Short sellers are betting in opposition to a cryptocurrency whose worth shouldn’t transfer.

A couple of funding companies, together with Fir Tree Partners and Viceroy Research LLC, have positioned substantial bets in latest months that the value of tether will fall, in accordance to individuals acquainted with the matter. Tether is the most well-liked foreign money for buying and selling bitcoin and is meant to have a fastened worth pegged to the U.S. greenback.

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