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You can open a short position on e.g. Kraken, for as long as you can keep paying the yield to the stakers.

Problem is if you win the bet you can also expect the exchange to go bust. They’re all part of the Tether system

The lack of a good way to short Tether with a reliable counterparty is a major reason why Tether has lasted as long as it has

Of course, if Tether collapses, there is the sizable risk that so will most of the exchanges. Counterparty risk is a big deal.

So we can expect that soon, if people are smart, a nice and stable unloading of this ”asset” will start.