{"id":80269,"date":"2023-06-15T14:15:15","date_gmt":"2023-06-15T11:15:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80269"},"modified":"2025-09-11T15:57:57","modified_gmt":"2025-09-11T12:57:57","slug":"arbitrageurs-take-advantage-of-usdt-depegging","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/arbitrageurs-take-advantage-of-usdt-depegging\/","title":{"rendered":"Arbitrageurs Take Advantage of USDT Depegging"},"content":{"rendered":"

The stablecoin USDT from Tether<\/a> deviated from parity with the US dollar. The coin’s weighted average price fell to 0.995 (CoinGecko<\/a>).<\/p>\n

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Data: CoinGecko.<\/figcaption><\/figure>\n

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Lookonchain experts noted that immediately after the depeg, an investor under the nickname czsamsun.eth shorted the coin on the DeFi protocol Aave V2. He borrowed 31 544 278 USDT and immediately swapped for 31 475 408 USDC<\/a> at a rate of $0.9978.<\/p>\n

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USDT is depegging!<\/p>\n

CZsamsun.eth shorted $USDT<\/a> on #AaveV2<\/a> after USDT depegged. <\/p>\n

He borrowed 31,544,278 $USDT<\/a> from #AaveV2<\/a> and exchanged for 31,475,408 $USDC<\/a> at a rate of $0.9978.<\/p>\n

And he deposited 10M $USDC<\/a> again on #AaveV2<\/a>. pic.twitter.com\/3rrfENocRk<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) June 15, 2023<\/a><\/p><\/blockquote>\n