Opium‌ ‌Protocol Allows Traders to Hedge or Bet Against the Stablecoin Tether's

[MRM]

Cryptocurrency traders can now protect their tether tokens or bet against the solvency of the stablecoin by leveraging a new crypto derivatives product from the Opium Protocol. Opium founder, Andrey Belyakov, claims the product is the “first CDS (credit default swap) on a centralized stablecoin.”

The stablecoin tether (USDT) is the most popular dollar-pegged token out there today, as it captures a large market cap and significant trade volume. Tether’s market valuation is around $14.1 billion and the token has around $13.6 billion in global trade volume on Sunday afternoon.
Source: https://news.bitcoin.com/opium%e2%80%8c-%e2%80%8cprotocol-allows-traders-to-hedge-or-bet-against-the-stablecoin-tethers-solvency/

[phreess]

The only problem with stablecoins is that they are tied to fiat, so when fiat goes south, stablecoins will follow...

Not sure why I should buy stablecoins...