Re:Report on Stablecoins [pdf]
by dcolkitt on Monday November 01, 2021 @08:59PM
(#29075517)
You can easily short Tether on DeFi platforms that can’t be locked down.
[ Parent
| on HN ]
Re:Report on Stablecoins [pdf]
by arcticbull on Monday November 01, 2021 @09:29PM
(#29075729)
Not really, and you shouldn't try. The highest recorded price for 1 USDT was $1000 at a centralized exchange, and do you really trust your counter-party in a DeFi transaction not to get flash-loaned into oblivion or to rely on a bad oracle? [1] You also have to post crypto collateral which may get rekt alongside a Tether collapse. Who even knows what that might look like? The only way to win is not to play.
[1] http://rekt.news