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Does FDUSD have any insider information?
First, FDUSD suddenly surged to 1.0029.
Then, some friends noticed someone borrowing at high interest rates on Venus.
The borrowing might be for arbitrage: borrow FDUSD → sell it → wait for a dip to buy back and repay.
So, the question is: what is the real reason behind this FDUSD surge?
Could it really be, as some friends said, that the crypto market has started to hype stablecoins?
Got it, this is a stablecoin bull market, hahaha~
Note: The above is for information sharing only and does not constitute investment advice. Please do your own research!
DeFi Enthusiasts: BitHappy