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> Shorting Tether with another stable coin is a fools errand. Why? There are plenty of US-based, regulated and audited stablecoins out there. You could use the
by everfree 4y ago
> Shorting Tether with another stable coin is a fools errand.
Why? There are plenty of US-based, regulated and audited stablecoins out there. You could use them as collateral to short Tether.
- parkingrift 4y agoHa. This would be the equivalent of betting against the US dollar by buying treasury bonds. I doubt the solvency of any single exchange or crypto institution if there is a true run on Tether. No one who believes that Tether is a scam would risk making that bit by leveraging another loosely regulated stable coin.
- everfree 4y agoMany other popular asset-backed stables aren't loosely regulated like Tether. They are often regulated by NYSDFS.