Following TrustToken’s choice to quickly droop mints and TrueUSD () stablecoin redemptions via its banking associate Prime Belief, a dealer took benefit of the state of affairs to provoke a brief place within the chain.
Based mostly on the community knowledge, the consumer used Aave v2 lending platform brings in 7.5 millionUSDC) as collateral. They then borrowed 4 million TUSD and instantly offered it for USDC. This technique of borrowing and promoting instantly is commonly used to create a brief place in a specific asset.
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