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A comment on Report on Stablecoins [pdf]. Parent comment

Re:Report on Stablecoins [pdf] by paulgb on Tuesday November 02, 2021 @02:12AM (#29077674)
If you could borrow enough USDT though, you could still break the peg without transacting with Tether directly:

- borrow a ton of USDT

- trade it for USD on exchanges, eating away at organic demand as well as the reserves used to keep the peg

- eventually (presumably) the peg will break and the price will collapse, and you can buy back the USDT for cheap to repay the loan

The trouble is getting that USDT-denominated loan, though.

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Re:Report on Stablecoins [pdf] by arcticbull on Tuesday November 02, 2021 @02:42AM (#29077839)
Agreed, the difficult part is getting a USDT-denominated loan without crypto collateral and counter-party risk.
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