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A comment on Tether Withdrawals Top $10B. Parent comment

Re:Tether Withdrawals Top $10B by alasdair_ on Tuesday May 24, 2022 @08:00AM (#31490886)
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.
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Re:Tether Withdrawals Top $10B by X6S1x6Okd1st on Tuesday May 24, 2022 @03:38PM (#31496621)
UST 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.

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Re:Tether Withdrawals Top $10B by initplus on Tuesday May 24, 2022 @04:43PM (#31497343)
The actual UST blockchain was halted for a time.
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Re:Tether Withdrawals Top $10B by X6S1x6Okd1st on Wednesday May 25, 2022 @10:34PM (#31513641)
fair enough, def a reminder that not all L1s are sufficiently secure
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Re:Tether Withdrawals Top $10B by anm89 on Tuesday May 24, 2022 @02:19PM (#31495660)
if tether crashes so will every other crypto. Just go short coinbase or another crypto proxy if you want to stay in your brokerage account.
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