I've held a short position on USDT through AAVE for a couple months now. USDT would have to go to ~2 to liquidate me.
Why would AAVE blow up if USDT blows up?
https://beincrypto.com/coinbase-drops-guarantee-of-usdc-stab...
> "the assets in fact include commercial paper, corporate bonds and other assets."
You're right. Their latest attestation[0] does not yet reflect their move to only cash and treasuries[1].
0: https://www.centre.io/hubfs/pdfs/attestation/2021%20Circle%2...
Without a date I can't compare the short interest at Kraken to e.g. the $100,000,000 OI in USD-settled USDT futures at FTX today.
Took me all of 10 seconds to find this.
It should have been a huge story, but there seems nothing reported
https://www.google.com/search?q=kraken+usdt&tbs=cdr:1,cd_min...
If something that weird (a USDT price spike to $1000) really did happen, somehow nobody noticed and nobody was affected, in spite of millions of dollars of daily trades in that market at that time
It's probably a glitch in Kraken's historical chart
It’s not a glitch. How you can say it’s “probably” a glitch is beyond me, you have zero evidence to support that. There have been other instances of Tether spiking well above $1, that is simply the most egregious.
But I'll tell you now, to save you time: there are no such reports, because it did not happen.
I don't know anything about 'other instances', I only assume that spike on the Kraken chart that you linked to must be a glitch, because I found zero corroborating evidence for it. As you yourself have implied, such an insane price spike would have been a significant incident so it could hardly have gone unnoticed.
Your arguments would be more persuasive if you based them on facts.