I have a conversion question: if USDT is at 7.35, then 1M equals 7.35 million, right? What if USDT drops to 7.05? How much is 1M in that case?

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
FloorSweepervip
· 12-06 12:26
This guy is probably asking about the exchange rate, right? 1M means 1 million dollars, it has nothing to do with the USDT price... unless you mean converting to fiat? In that case, you do need to divide, it’s around 7.05 million or so, not that complicated.
View OriginalReply0
DeFiVeteranvip
· 12-05 12:03
Hmm, that's not right, bro. M here should be a fixed value, it doesn't really have anything to do with the exchange rate... Are you asking how much it would be in RMB?
View OriginalReply0
MetaMisfitvip
· 12-03 13:57
Haha bro, there's a flaw in your logic. M itself means million, it doesn't really have anything to do with the USDT exchange rate.
View OriginalReply0
BearMarketHustlervip
· 12-03 13:57
That's not right, 1M is a fixed value and has nothing to do with the exchange rate... What you're talking about should be that when exchanging RMB for USDT, the amount of money needed changes, right?
View OriginalReply0
SandwichDetectorvip
· 12-03 13:56
Bro, this is basic math. Even if the USDT exchange rate changes, the value of M doesn't change—it's still 1 million...
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)