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A comment on Crypto Market Roiled by New Allegations Against Tether, Bitfinex. Parent comment

Re:Crypto Market Roiled by New Allegations Against Tether, B... by askmike on Friday April 26, 2019 @04:31AM (#19755678)
You mean Kraken? There are many OTC lending markets that allow for tether shorting.
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Re:Crypto Market Roiled by New Allegations Against Tether, B... by reitzensteinm on Friday April 26, 2019 @05:38AM (#19755920)
Seems like counterparty risk would make this a bad trade; if Tether collapses, the whole system is likely to follow.
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Re:Crypto Market Roiled by New Allegations Against Tether, B... by askmike on Friday April 26, 2019 @07:21AM (#19756327)
I 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.
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