S / TetherUS forum
24 hours ago, we informed
@wintermute_t
that we will not be renewing our MM contract. We have been using WM exclusively for 5 years of service.
We have engaged with other MM firms who are willing to provide MM++, they get involved in our DeFi ecosystem, engage with applications looking to grow, global community events, and keep open and proactive communication with our team. This is what we need for our ecosystem projects to thrive. Cex only support is simply no longer enough.
This on-chain activity is likely in response to us no longer renewing our partnership. Our deal provided a 16m loan to MM, they likely have exceeded this inventory and are divesting to return our funds.
S gained least compaired with others and looses the most.
But its a good project guys 💪🏽
TP: 0.6765 - TP:0.8707 💥