Ahh, I see what you mean. That way if USDC collapses, I would lose just the amount it was over-collateralized by. If USDT completely collapses but USDC does not

Ahh, I see what you mean. That way if USDC collapses, I would lose just the amount it was over-collateralized by. If USDT completely collapses but USDC does not, I would gain the amount I was short USDT. This is more interesting. Thanks for explaining it.