Opium‌ ‌Protocol Allows Traders to Hedge or Bet Against the Stablecoin Tether’s Solvency

Opium‌ ‌Protocol Allows Traders to Hedge or Bet Against the Stablecoin Tether's SolvencyCryptocurrency traders can now protect their tether tokens or bet against the solvency of the stablecoin by leveraging a new crypto derivatives product from the Opium Protocol. Opium founder, Andrey Belyakov, claims the product is the “first CDS (credit default swap) on a centralized stablecoin.” The stablecoin tether (USDT) is the most popular dollar-pegged token […]

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Author: toutiao