As crypto markets wobble, hedge funds are increasingly shorting Tether, either as a bet against the broader economy or the quality of Tether’s assets (Vicky Ge Huang/Wall Street Journal)

Vicky Ge Huang / Wall Street Journal:
As crypto markets wobble, hedge funds are increasingly shorting Tether, either as a bet against the broader economy or the quality of Tether’s assets  —  Professional investors got interested in shorting tether after the collapse of another stablecoin, TerraUSD