The recent drop of USDT below 6.83 has made life increasingly difficult for investors who are fully invested. Holding stablecoins but watching their holdings shrink—that's the most heartbreaking part.

Let's do the math: last year's high was 7.3, now it's down to 6.8, a decline of nearly 7%. In concrete terms, a USDT position of 100,000 yuan sitting idle for a year without any action would result in a loss of 50,000 yuan. The problem is, even if you try to invest or earn interest, the annualized returns are hard to make up for this gap.

This is the hidden cost of holding stablecoins. When the coin price drops, unrealized losses are unavoidable, and investment income is also eroded. For participants who are long-term bullish on crypto assets, this passive shrinkage truly feels uncomfortable.