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VIP Wealth Hub
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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I've been keeping an eye on the USDT to RMB exchange rate lately, and my feelings are a bit complicated.
At the beginning of the year, 1 USDT could still be exchanged for 7.35 yuan. Back then, I thought stablecoins were truly stable—who would have thought it would now drop below 7? The latest price shown on trading platforms is hovering around 6.69, which is almost a 10% decrease compared to the start of the year.
Looking back at my records—in August, the exchange rate was still fluctuating around 7.15, and people were already discussing whether it would continue to fall. Now it seems that this trend really hasn't stopped. Friends holding coins have probably felt it: the number of USDT in their account hasn't changed, but its purchasing power in RMB has quietly shrunk.
Is this round of devaluation just a temporary fluctuation or a long-term trend? People stockpiling coins might need to recalculate their accounts.