Wintermute Capitalizes on FDUSD Depeg for Profit

Crypto market maker Wintermute took advantage of the recent FDUSD depeg, transferring $75 million worth of the token to First Digital Labs shortly after its price dropped below $1. This move likely involved purchasing discounted FDUSD before redeeming it at full value, potentially securing a substantial profit. 💰 📈 📉 📍 Wintermute’s actions are a prime example of how stablecoin arbitrage works in crypto markets. 🧐 🧠