Fir Tree, which manages $4 billion in assets, reckons Tether is backed by watery Chinese commercial paper tied to troubled real estate plays.

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The hedge fund Fir Tree Capital Management’s investors claim it has developed a method to short the stablecoin tether. A report notes that “clients of the firm” said the potential to reap big rewards from shorting the world’s largest stablecoin is great. Investors Say Hedge Fund Devised a Method to Short Tether, Fir Tree Bets […]

Fir Tree Capital Management is shorting Tether’s stablecoin amid the increased regulatory scrutiny and the fears over ties to the Chinese debt market as we can see more today in our latest Tether news. Fir Tree Capital is a $4 billion hedge fund and it is shoring Tether as the biggest stabelcoin on the market […]

Fir Tree Capital Management is shorting the stablecoin Tether amid regulatory scrutiny and fears over ties to the Chinese debt market.