2025-12-24 13:29:02

The performance of USDT in recent months has been a bit headache-inducing. Market downturns, RMB appreciation, USD depreciation, along with various regulatory expectations, have caused the USDT/CNY exchange rate to keep declining. The current real-time exchange rate has already fallen to 7.01, approaching the 7.0 threshold. What's more painful is that the off-exchange price has long dropped to 6.93, showing an approximate 1.5% negative premium.

Thinking back to the period when it was between 7.2 and 7.3, after multiple transactions, it feels like the account balance has already shrunk by about 5%. For those who frequently trade USDT, such exchange rate fluctuations definitely require careful cost calculations.

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Anon32942

· 8h ago

Breaking 7 is only a matter of time, I'm already tired of this routine. How are there still people buying the dip at 7.1? Truly brave. Account down 5%? I'm just completely losing it, brother. Why don't we all switch to USDC? Anyway, it's all stablecoins. Off-chain at 6.93 is really hopeless, can't sell it. After this wave, it feels like USDT isn't so stable anymore. After breaking 7.0, how much room is left?

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SnapshotLaborer

· 12-24 13:58

6.93? It should have dropped earlier; that previous price was ridiculous.

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MEVHunterZhang

· 12-24 13:58

I should have known earlier and not operated so frequently. I really lost a lot in this wave.

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GasFeeCrier

· 12-24 13:56

Breaking 7.0 is just around the corner. It should have been sold early. Those who only realize now will have to take a loss.

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FancyResearchLab

· 12-24 13:51

In theory, USDT should be the most stable one, but now it's like this... and we've locked ourselves in again. I find this exchange rate quite interesting; a negative premium of 1.5% directly eats up the profit. Let's do a small experiment to see if arbitrage is possible. Falling from 7.3 to 7.01, now I understand what "stablecoin" really means—the maximum academic value and the minimum practical value. It's just another useless innovation; careful cost calculation is still necessary. Luban No.7 is under construction again, and a 5% shrinkage is truly impressive.

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BearMarketBro

· 12-24 13:40

Oh no, did it drop again? I should have known better than to trade so frequently --- A negative premium of 6.93 is really incredible. Is this still worth trading? --- Breaking 7.0 is just how it is, I'm already tired of it --- A 5% shrinkage is not a small number. Who can calculate the cost? --- The RMB appreciates while the USD depreciates, our U is just stuck in the middle --- The regulatory expectations hit hard, it really hurts the wallet --- The true price is off-chain; the numbers on the exchange are just fooling ourselves --- Every time I think it's the bottom, I get slapped in the face. I'm convinced --- A negative premium of 1.5%, goodbye to my monthly earnings --- In times like these, it's best to stay calm and hold your coins. Don't tinker anymore

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WagmiOrRekt

· 12-24 13:30

7.01 is still dropping, and this time I really can't hold on anymore. I should have completely sold out at 7.2.

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