One of the traders set $4 Million of fall tusd - Bits Media

The large -scale position for falling TUSD was opened by one of the users of the AAVE protocol. This is due to the problems of Stabelcoin - the trader counts on the flexing of his exchange rate from the US dollar.

Earlier, the developers of Trueusd stopped the release of their tokens through a caste Prime Trust. After that, for a short period of time, the TUSD course was even reduced to $0,996, However, then the binding returned. Later, the regulators of Nevada issued an order to suspend the work of Prime Trust.

Looks like, One of AAVE users believes, that in the near future, stablecoin will large -scale binding. To open a short position, the user made a deposit in 7,5 Milln USDC to provide AAVE V2 platform. Then he took it 4 Milln TUSD and instantly sold them in exchange for USDC. This is a standard tactic for opening "short" positions in Defi protocols.

Trueusd developers previously said, that they do not own any assets of Prime Trust and are not related to this castodial service, and other services are also used to produce and burn stakeblokins.

Note, that Trueusd remains fifth in capitalization by stablecoin. At the time of publication, the indicator is $3,1 billion, and the course hesitated about $1.

Recall, that in March the largest Binance exchange has translated its own Binance USD stabelcoins, which were stored in the Fund for Protection of User Assets (Rows), In competitors Trueusd and Tether.