A slightly different strategy with less counterparty risk - Borrow USDT with USDC as collateral - Sell USDT for USD, put it in your regular bank account (you'

A slightly different strategy with less counterparty risk - Borrow USDT with USDC as collateral - Sell USDT for USD, put it in your regular bank account (you'll end up with slightly less cash than you had originally, since your loan needs to be over-collateralized) Outcomes: - USDT collapses, USDC does not: best outcome, buy USDT for pennies and use it to get your USDC back - Both collapse: pay back your loan only if USDC > USDT - Only USDC collapses: just don't pay back your loan. you lose whatever "extra" collateral you paid