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Points
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Futures
Futures
Hundreds of contracts settled in USDT or BTC
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HOT
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Quick staking, earn potential new tokens
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Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
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NEW
Earn futures points and claim airdrop rewards
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Simple Earn
Earn interests with idle tokens
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Auto-invest on a regular basis
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Earn rewards with flexible staking
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0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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The offshore RMB to USD exchange rate recently broke below 7.0, which is not good news for currency holders.
At the beginning of the year, the exchange rate was around 7.35, and now it has slipped to 6.93. Just looking at this number might not mean much, so let's do a different calculation: if you held 1 million USD in USDT at the beginning of the year and exchanged it for RMB at that rate, you would have already lost 420,000 RMB at the current rate.
What does this mean for investors holding stablecoins? To put it simply, even if the coin price hasn't moved, your purchasing power is already shrinking. Especially for those who used RMB to buy USDT, exchange rate fluctuations directly impact real returns.
Forget it, don't take these too seriously. Just consider it the cost of the holiday. Eat, sleep, and Bitcoin is still there.