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You mean Kraken? There are many OTC lending markets that allow for tether shorting.
by askmike 7y ago
You mean Kraken? There are many OTC lending markets that allow for tether shorting.
- reitzensteinm 7y agoSeems like counterparty risk would make this a bad trade; if Tether collapses, the whole system is likely to follow.
- askmike 7y agoI don't think many people assume it to be this binary: if Tether doesn't have have dollars behind every USDT. Buying USDT below $1 is simply buying debt. If you believe they will at some point in the future be able to give you a dollar for every tether, buying under $1 is very smart.