A hard fork means your assets on Ethereum blockchain will be duplicated into assets on Ethereum POS chain and assets on Ethereum POW chain.
Concretely, if you have 1 ETH + 1000 USDT, you will have 1 ETH + 1000 USDT on each of both blockchains, the POS and the POW one.
However, as Tether does not support the hard fork, your 1000 USDT on POW blockchain will be worth zero.
Regarding the ETH POW, it could be traded on a few exchanges like Poloniex, but the bots will go faster than you... And the value will quickly drop. Furthermore, trying to transfer ETH POW from your wallet to a centralized exchange will be quite risky due to replay attacks.
You could also hold stETH (staked ETH through Lido). However, it is likely that stETH vs. ETH value will decrease since stETH has no value on ETH POW. The same could be said about Binance staked ETH (BETH) which will be swapped and dumped for ETH by many holders to get ready for ETH POW snapshot.
A good way to get ready for the hard fork could be simply to lend your ETH on Aave or similar protocols through Ethereum mainnet or layer 2 chains like Optimism, since many people will borrow ETH just to put it on Ethereum blockchain, expecting that it will be duplicated after the Merge, which could significantly increase the ETH lending interest rates...
Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.
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