An anonymous trader took a short position of $4 million in TUSD, backed by the world’s largest cryptocurrency exchange Binance.
Backed by Binance, the world’s largest cryptocurrency exchange TrueUSD, on the Prime Trust front amortization And printing activities to stop for a short time after depeg had happened. According to on-chain data anonymous a trader, TUSDagainst 4 million dollar took a short position.
According to data, trader decentralized crypto lending platform Aave V2 using the platform 7.5 million dollar deposited and in return 4 million TUSD borrowed money. Trader’s debt to USDC by converting on TUSD short position has created.
TrueUSD said in a statement at the beginning of June, Prime Trust due to reasons on company happening amortization And printing transactions have been stopped had explained. However, the issuer printing And amortization for their operations to different channels stating that this situation has will not hinder its activities. had explained.