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The recent USDT discount is essentially a result of the slow appreciation of the RMB, which may rise to around 6 in the future.
If a trade war doesn't work out, a financial war will, forcing you to appreciate your currency—that's the gist of it.
Furthermore, many people have a misconception that the USDT is equivalent to the US dollar, which is incorrect. The USDT is essentially a digital commodity pegged to the US dollar. In a RMB-currency pair, the commodity's value is related to supply and demand, fluctuating according to these factors, appreciating or depreciating.
NingNing
@0xNing0x
明里U折价，是因为中美监管对稳定币、RWA灰色业务重拳出击；
暗里U折价，是因为中美实际收益率曲线价差黏合引发的中美货币当局的激烈博弈。
That's right, every commodity is subject to the constraints of supply and demand curves.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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