8 ms·
I wonder how easy it is to actually short Tether assuming the likely scenario where USDT goes the way of UST and trading is effectively halted. How does one cov
by alasdair_ 4y ago
I wonder how easy it is to actually short Tether assuming the likely scenario where USDT goes the way of UST and trading is effectively halted. How does one cover their short when no trading is possible? In a regular exchange, there are rules about how to handle this but I'm not clear how it happens with crypto.
- anm89 4y agoif tether crashes so will every other crypto. Just go short coinbase or another crypto proxy if you want to stay in your brokerage account.
- X6S1x6Okd1st 4y agoUST trading only halted on some centralized exchanges. If you are willing to expose yourself to DeFi then trading continued. You can short USDT on AAVE for 3% APY at current variable rates.
- initplus 4y agoThe actual UST blockchain was halted for a time.
- X6S1x6Okd1st 4y agofair enough, def a reminder that not all L1s are sufficiently secure