Recently, I’ve noticed that the USDT price has been a bit unusual—the OTC price has actually dropped below the offshore RMB rate. Right now, the offshore rate is around 7.06, but the actual transaction price of USDT is inverted by almost 0.1 RMB. This kind of negative premium isn’t very common; in the past, the stablecoin price was usually on par with or slightly higher than the official exchange rate. Has there been some change in market liquidity lately? Or has OTC supply suddenly increased? If this price difference continues, will it affect the overall cost of deposits and withdrawals?
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ZenChainWalker
· 10h ago
An inverted spread of just one cent? They must be really desperate to cash out. Feels like someone is dumping.
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WhaleSurfer
· 12-05 06:51
Damn, has USDT dropped below the exchange rate? Is this a sign of a market dump?
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MeaninglessApe
· 12-05 06:49
Damn, has USDT really dropped below the exchange rate? Is it really that crazy?
Recently, I’ve noticed that the USDT price has been a bit unusual—the OTC price has actually dropped below the offshore RMB rate. Right now, the offshore rate is around 7.06, but the actual transaction price of USDT is inverted by almost 0.1 RMB. This kind of negative premium isn’t very common; in the past, the stablecoin price was usually on par with or slightly higher than the official exchange rate. Has there been some change in market liquidity lately? Or has OTC supply suddenly increased? If this price difference continues, will it affect the overall cost of deposits and withdrawals?