Jinse Finance reported that according to on-chain data, an Ethereum user used Aave’s V2 lending platform to deposit 7.5 million USDC as collateral. They then borrow 4 million TUSD and quickly sell it for USDC. This strategy of borrowing and selling immediately is often used to take a short position on a particular asset. Traders established a $4 million short position on TrueUSD as the issuer ceased minting and redemption.

🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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📢 #Gate Square Writing Contest Phase 1# is now officially launched!
Share your unique insights on the CROSS project and stand a chance to win $500 worth of CROSS rewards!
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Essay Content Directio

🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
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📅 End at: July 9, 16:00 UTC
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