TechFlow reported on October 28, according to Coindesk, that the Maelstrom investment fund parked 5% of its capital in USDe, a stablecoin issued by Ethena Labs, ahead of the U.S. election as a hedge against election-related risks. The fund is managed by Arthur Hayes, co-founder of BitMEX, and holds significant long positions in Bitcoin and Ethereum.
Hayes said that once the election results are clear and provided there is no social unrest, he will deploy all staked USDe into the crypto market. Regardless of who wins the election, Hayes remains optimistic about the long-term outlook for cryptocurrencies.
Add to Favorites
Share to Social Media
