Where did this idiot come from, dumping USD1? - Western legal systems are completely different from Chinese ones. Even if something really "happened," they wouldn't just arrest people and freeze assets. Instead, it would be a drawn-out struggle with regulatory agencies, like many crypto cases. - USD1 is a fully compliant, 100% collateralized asset; it's not an algorithmic stablecoin. I'm too lazy to type more; I like it when people give me money.

Furthermore, when I explained the background of this matter to my trading friends in Europe and America, they all excitedly said, "We hope Chinese traders will sell even more aggressively, so that the P/E ratio will be even higher."

What's even more interesting is that it's still Monday, and American banks are all open and redemptions are proceeding normally, so the stabilization will recover very quickly.

Basically recovered 👍