USDT continues to decline, with over-the-counter trading quotes dropping to 6.82 RMB, forming a clear contrast with the USD price of 7.01 in the foreign exchange market. This indicates that the stablecoin's negative premium has widened to -2.7%, further deteriorating from the -2% premium rate at the beginning of the month. From the data, the discount on OTC USDT has been deepening. This expansion of the premium rate may reflect changes in market demand for stablecoins or fluctuations in trading liquidity. Investors engaging in OTC stablecoin trading should be aware of the potential impact of such price differences on trading costs.
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OnchainHolmes
· 11h ago
6.82 still falling? The discount is quite harsh.
OTC USDT is dumping again, who's selling?
At the beginning of the month, it was -2%, now -2.7%, it’s dropping quickly.
Such a deep discount, OTC trading needs to be more cautious.
Stablecoins are no longer stable, hilarious.
There really is a liquidity problem.
-2.7% negative premium, has the trap for retail investors changed?
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IntrovertMetaverse
· 11h ago
Dropping again and at a discount, who would still dare to buy in?
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MetaverseVagabond
· 11h ago
Here we go again, cutting the leeks, stablecoins are not stable
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This premium rate is getting worse and worse, still dare to call it a stablecoin?
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6.82? I thought I saw it wrong
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Liquidity fluctuations? Basically, no one wants it
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Should have realized this thing is a scam earlier, why is it only dropping now?
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Negative premium widening, retail investors' wallets are bleeding again
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-2.7% How much fee do I need to pay to break even?
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Really incredible, stablecoins can be messed with like this
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Already -2% at the beginning of the month, now even worse, how much will it drop next month?
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The OTC quotes are dropping so fast, are they messing with us?
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GasFeeTears
· 11h ago
Falling again? The price of 6.82 is really outrageous, just losing the difference
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USDT discount has widened again, do we still have to play this game?
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-2.7% negative premium, a new way to scalp retail investors off-chain
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Why has it worsened again? It was -2% before, this trend doesn't look right
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With such a deep discount, who would dare to take off-chain orders?
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6.82? I thought I read it wrong, is this real?
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Liquidity fluctuations are nonsense, it just means no one wants it anymore
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Negative premium is getting bigger and bigger, it feels like stablecoins are becoming unstable
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At the beginning of the month -2%, now -2.7%, is this still called stability? Laughable
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Off-chain trading costs have exploded, might as well trade directly on the exchange
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BlockDetective
· 11h ago
Falling again? USDT is really having a tough time this round
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It's now 6.82, the discount is getting deeper and deeper. Who would still dare to take such orders off the market?
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Negative premium has expanded to 2.7%, this trading cost must be quite high
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Is the liquidity fluctuation due to demand really declining? Need to think it over carefully
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At the beginning of the month, it was -2%, now it has directly worsened to -2.7%. This trend is a bit concerning
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Brothers and friends who are taking orders off the market, be careful. The price difference isn't as good as you think
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Is USDT really unplayable this time? Feeling a bit anxious
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NftRegretMachine
· 11h ago
Dropping again and at a discount, can this buy and sell still be done?
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FUD_Vaccinated
· 11h ago
6.82? Damn, I have to buy in at a low price again.
USDT continues to decline, with over-the-counter trading quotes dropping to 6.82 RMB, forming a clear contrast with the USD price of 7.01 in the foreign exchange market. This indicates that the stablecoin's negative premium has widened to -2.7%, further deteriorating from the -2% premium rate at the beginning of the month. From the data, the discount on OTC USDT has been deepening. This expansion of the premium rate may reflect changes in market demand for stablecoins or fluctuations in trading liquidity. Investors engaging in OTC stablecoin trading should be aware of the potential impact of such price differences on trading costs.