2025-12-06 14:23:34

Are accounts that pass KYC with a US identity really that advantageous? You can buy USDT for just $0.999 and sell it for as much as $1.1, directly pocketing a 10% spread. This feels like an arbitrage paradise.

But on the other hand, does the US dollar also have money laundering demand? Or is the liquidity premium on certain USD channels just that exaggerated? Trading pairs for mainstream coins like BTC, ETH, and BNB seem normal, but the USDT exchange rate fluctuations are really confusing.

Can someone knowledgeable explain the logic behind this?

BTC-0.77%

ETH-1.97%

BNB-0.98%

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TokenStorm

· 12-06 14:52

Looking at the on-chain data, you can’t even backtest this 10% price difference—how do they have the guts to bet on it? The liquidity premium for accounts KYC’d with US identities is so outrageous, it clearly shows there’s a problem somewhere, but I still want to go all-in. Why is USDT fluctuating so much while BTC stays rock solid? I need to think through the logic behind this, but the risk factor is definitely beyond expectations. The angle of dollar money laundering demand is interesting—are the whale addresses up to something again? When you see spreads from 0.999 to 1.1, it’s either market inefficiency or time to get out. A 10% interest rate spread sounds nice, but it might all disappear once you factor in miner fees. I bet none of you thought this through. Why does USDT feel like the eye of the storm? The liquidity premium is so exaggerated, I really can’t see through it.

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BtcDailyResearcher

· 12-06 14:52

A 10-point spread is really tempting, but I doubt it can actually be arbitraged consistently.

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0xSherlock

· 12-06 14:50

A 10-point interest rate spread? How desperate for money do you have to be to be attracted to something like this?

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MemeKingNFT

· 12-06 14:47

About this USDT price spread issue, I've mentioned it to people a long time ago—as long as there's a KYC identity premium somewhere, there will inevitably be hidden liquidity gaps. It's just like the fragmentation in the early NFT market: apparent prosperity on the surface, but underneath it's all arbitrage traps.

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All-InQueen

· 12-06 14:31

Wait, buy at 0.999 and sell at 1.1? That spread is way too crazy, something feels off.

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WhaleStalker

· 12-06 14:23

10 points? This price difference is really outrageous, feels like there's something fishy going on.

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