If USDT goes, so does AAVE and everything else. And as has been mentioned, the iFinex crew have squeezed USDT to $1,000 before.
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.
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...