Wintermute Tests Stablecoin Operations with $65 Million FDUSD Holding

Crypto market maker Wintermute is engaged in a key testing phase involving its FDUSD holdings, signifying their commitment to operational stability within the cryptocurrency landscape. According to on-chain analysis by Cocoahomology, Wintermute currently holds $65 million in FDUSD and has conducted a $1,000 test exchange. These actions provide insight into Wintermute’s operational strategy and liquidity management practices during a period of active stablecoin market interaction.