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I don't want to sell any of my btc, but I wish to be able to hedge this risk somhow. Is out there any place where I can short tethers, or any other roundaway to bet against it?
You could theoretically short USDT/USD at Kraken.
Margin Open/Rollover Fee 0.005% per 4 hours
2:1 Margin is possible
However, the trading volume of the USDT/USD trading pair is pretty dismal and I would advise against
trying to short it. Due to the low volume the price can be easily manipulated and I suspect
that Kraken would suspend the trading anyway in the case of a strong drop based on the
recent (or new) Tether news.