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I found you can short Tether on Kraken. So, I am (or trying to...it's currently trading at .97 on Kraken, and my sell order is for .99, so if it proves to be so

I found you can short Tether on Kraken. So, I am (or trying to...it's currently trading at .97 on Kraken, and my sell order is for .99, so if it proves to be solvent in a month or two, I'll be out a few bucks plus margin interest). I have vague concerns that this is like betting against the house since presumably Kraken and other exchanges that accept USDT will be hit hard by the failure of Tether, so they have a strong vested interest in seeing it survive, even if it's shady as hell.

tehlike 9y ago
You beat me to this - a friend just pinged me about the possibility of shorting usdt at kraken for something like 1.8% /month. I did not confirm this myself. I am also not sure if tether fails, what happens to kraken/bittrex etc, will you even be able to take your money out? I doubt. Don't know.