Question: if you think that Tether offers a massive risk as it isn’t backed, why not set up a short tether, long USDC pairs trade to hedge bitcoin risk, if that is your fear.... my guess is you can create it positive funding but haven’t checked. Cc:
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Awesome so now people can put their money where their mouth is!
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Jan 15th tethers companies going to court, if they end up being greedy fraudulent human beings. This short could pay off big time. Short 1$. Most Likely can close at .99c or break even if the $USDT apocalypse doesn't happen. So minimal risk.
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Not profitable once you factor in funding rates of PERP