[TuringNYC]

Thanks for this comment.

Sorry for my naive response.

Which product exactly are you speaking about? Could you link to the product and/or exchange where "USDT perpetual futures" are traded? I can see BTCUSDT futures (but then, you're taking another risk on BTC itsself sinking), is there a way to short-USDT-long-fiatUSD?

[fjkdlsjflkds]

1) Have some collateral (BTC, ETH, USDC, something you somewhat trust);

2) Use collateral to borrow 1M USDT from AAVE/Compound/whatever;

3) Trade 1M USDT for ~1M of some USD-stablecoin you trust (USDC?);

4) Wait for USDT to crash;

5) Buy 1M cheap USDT from decentralized exchanges (using the USDC you kept aside), which will cost you less than 1M USD;

6) Pay back loan (keeping the difference as profit) and get back your collateral.

[drexlspivey]

This one on FTX for example https://ftx.com/trade/USDT-PERP