Following TrustToken’s choice to briefly droop the issuance and redemption of the TrueUSD() stablecoin by way of its banking companion Prime Belief, one dealer took benefit of the scenario to provoke an on-chain brief place.
In accordance with on-chain information, customers are used Deposited 7.5 million on Aave’s v2 lending platform (USDC) as collateral. They then borrowed his 4 million TUSD and instantly offered it to USDC. This technique of borrowing and promoting shortly is commonly used to ascertain a brief place on a specific asset.
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