Tether ordered to produce documents showing backing of USDT [pdf]

Re:Tether ordered to produce documents showing backing of US... by ravingraven on Wednesday September 21, 2022 @02:02PM (#32928828)

I was short on Tether for years. Had to give up my position because “Markets can stay irrational longer than you can stay solvent."

[ Parent | on HN ]

Re:Tether ordered to produce documents showing backing of US... by Scoundreller on Wednesday September 21, 2022 @02:58PM (#32929776)

What’s it usually cost to short a tether for a year?

At least it’s a non-productive asset so that’ll keep the cost down a bit, no?

[ Parent | on HN ]

Re:Tether ordered to produce documents showing backing of US... by Yeahsureok on Thursday September 22, 2022 @12:00AM (#32934659)

That or you were just straight up wrong and bought into the fantasy that gets played out on HN every month.

Tether was taking other end of bitcoin shorts for 5 years. Its fantastically profitable and you bought the manufactured story that they are about to collapse any moment.

[ Parent | on HN ]

Re:Tether ordered to produce documents showing backing of US... by alangibson on Wednesday September 21, 2022 @02:14PM (#32928998)

Indeed. Especially when the west in question is systemically important. How were you shorting?

[ Parent | on HN ]

Re:Tether ordered to produce documents showing backing of US... by swalsh on Wednesday September 21, 2022 @02:22PM (#32929113)

I gave up my Chinese Market shorts for the same reason

[ Parent | on HN ]