[wmf]

I'm going to be deliberately vague because I really really discourage shorting Tether but you can investigate perpetual swaps and defi lending.

[lmm]

But those are things that only exist in the crypto ecosystem. The counterparty risk is all wrong-way. Like yes, I can sign a contract with Coinbase that says they will owe me a lot of money when Tether collapses. But when Tether collapses it's probably going to take Coinbase down with it.

[wmf]

That's what I'm saying. You can't collect the profits.