📰 News Alert...

🔖 Title: Wintermute Capitalizes on FDUSD Depegging with $3 Million Arbitrage Opportunity

🗓️ Published: 2025-04-03T16:01:00+03:00

📄 Summary: Following the recent depegging of the FDUSD stablecoin, attributed to claims of insolvency by Tron founder Justin Sun, market maker Wintermute seized the opportunity by transferring over $75 million in FDUSD tokens back to First Digital. This strategic move is projected to yield over $3 million in profit as Wintermute capitalized on the price drop and plans for redemption at the original peg. Despite the controversy, First Digital insists that FDUSD remains fully backed and solvent, promising legal action against the allegations.

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https://cointelegraph.com/news/wintermute-fdusd-depeg-market-makers-arbitrage?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

🗞️ Source: Cointelegraph by Zoltan Vardai

💓 #Stablecoins #Arbitrage #CryptoMarket