Arthur Hayes: Maelstrom puts 5% of its funds into USDe and maintains a large long position in cryptocurrencies

 Arthur Hayes, the Chief Investment Officer of digital asset investment fund Maelstrom and co-founder of BitMEX, is using Ethena Lab's USDe stablecoin to hedge against uncertainty while maintaining a large bullish bet on Bitcoin, Ethereum, and other cryptocurrencies. "Given the uncertainty, Maelstrom has invested 5% of its funds in pledged USDe, with a return of about 13%. We maintain a large long position in Bitcoin, Ethereum, and other tokens."