Tether Calls Thesis Behind $USDT Short-Selling Flat Out Wrong

Tether, the issuer of $USDT, says that hedge funds that attempted to short its stablecoin after Terra’s collapse in May are using a thesis that is "incredibly misinformed" and "flat out wrong". "The simple fact that hedge funds view Terra’s collapse as a constructive thesis to short USDT represents the asymmetric knowledge gap between cryptocurrency market participants and entities in the traditional finance space."