Man, I'd love to short Tether too. But that would mean giving actual USD to some... | Hacker News

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ansible on Jan 8, 2023 | parent | context | favorite | on: Shorting Tether

Man, I'd love to short Tether too. But that would mean giving actual USD to some other exchange, and I'm yet to be convinced that there are any exchanges who aren't running some kind of fraud scheme as well.

tornato7 on Jan 8, 2023 [–]

You can short tether purely with ETH collateral on-chain, and then you're not exposed to any exchange risk. Of course you are then exposed to ETH price risk.

polygamous_bat on Jan 8, 2023 | [–]

It's like sawing off a tree branch you are sitting on: if Tether falls Ethereum prices will be severely impacted as well.

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