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During the bottom periods of past crypto bear markets (such as 2018, 2021, and 2022, etc.), the specific situation of converting USDT into RMB is as follows:
Previous bottom-anchored prices: During bear-market panic selling or liquidity crises, the over-the-counter (OTC) market has seen brief instances of “negative premium” or “positive premium.” But for most of the time, 1 USDT is effectively equal to 1 US dollar in value.
RMB conversion range: Affected by the exchange rates in the foreign exchange market at the time, in previous bear markets, 1 USDT could be converted to roughly 6.30 yuan to 7.20 yuan RMB. For example:
Bear market in 2021–2022: At that time, the exchange rate was mostly around 6.30–6.90, and USDT was roughly 6.3 to 6.9 yuan RMB.
Bear market in 2018: The exchange rate was relatively higher, and USDT was roughly 6.6 to 7.2 yuan RMB.
Today in 2026: The USDT price is 6.75. Relatively speaking, the price is a bit high; so at the bottom, continue to be patient and wait, etc. $USDT — you can follow me; let’s try to catch the absolute bottom together.