Stablecoins are not stable either! Got heavily cut by U.
Honestly, if it weren't for urgent money needs, I wouldn't be in such a hurry to withdraw. But of course, I just happened to catch it—RMB against the US dollar dropped to 6.98, while USDT is only at a price of 6.8. Seeing this price difference, it really hurts my heart.
Previously, everyone was discussing how exaggerated USDT sideways movement was, jokingly saying that the longer it goes sideways, the higher it gets. But it turned out that this "high" is actually rushing downward. This round of market movement has been a vivid lesson.
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MEVVictimAlliance
· 15h ago
The price of 6.8 is really amazing. Where's the promised stablecoin?
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ProbablyNothing
· 15h ago
When I received U at 6.8, I knew something was going to happen, haha
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AirdropHunter
· 15h ago
Haha, this is the legendary "sideways chopping of leeks," stablecoins are really damn unstable.
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SmartContractPhobia
· 15h ago
This is the true face of stablecoins. Where is the stability we promised...
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GasGrillMaster
· 15h ago
The price difference is so big, isn't this a typical case of being squeezed to death? It's too difficult.
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StakoorNeverSleeps
· 15h ago
The price of U at 6.8, really outrageous... This is what "stability" of stablecoins means.
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FomoAnxiety
· 15h ago
6.98 dropped to 6.8, this price difference is really incredible. The name of stablecoins is just a scam.
Stablecoins are not stable either! Got heavily cut by U.
Honestly, if it weren't for urgent money needs, I wouldn't be in such a hurry to withdraw. But of course, I just happened to catch it—RMB against the US dollar dropped to 6.98, while USDT is only at a price of 6.8. Seeing this price difference, it really hurts my heart.
Previously, everyone was discussing how exaggerated USDT sideways movement was, jokingly saying that the longer it goes sideways, the higher it gets. But it turned out that this "high" is actually rushing downward. This round of market movement has been a vivid lesson.