Tether calls thesis behind USDT short-selling

Tether, the issuer of Tether (USDT), says that hedge funds that tried to short its stablecoin after Tether's collapse in May are using a thesis that is incredibly misinformed and completely wrong.

In a blog post from July 28, Tether pointed to a June 28 Wall Street Journal podcast in which host Luke Vargas and guest Caitlin McCabe discussed bearish crypto markets and concerns about Tether's backing assets as reasons for short sellers' appetite for Tether.