Here we derive the exchange rate of stablecoins, which is U, especially against RMB. It's one thing if you didn't make money from trading, but be careful of being cut by U next.

The current exchange rate of U, which is the exchange rate of the US dollar, is around 7.2. Do you remember when the interest rate was lowered by 50 in September, the exchange rate broke 7? In Q4, it returned to around 7.2 for many reasons. For example, the US economy is still doing well, with no signs of recession, and the policy expectations following Trump's election, etc., so the outlook for the dollar remains optimistic. But next year will be different.

Q1 is still manageable, after all, it's the transition of power. But starting in Q2, especially if a recession really hits, the Federal Reserve will rapidly cut interest rates to save the economy, and with panic in the air, U will definitely fall, similar to 2020. I know some of you will say that RMB is also being loosened, but at that time, U will most likely still decline.

Even if a recession doesn't come, if the policy expectations after Trump takes office aren't that good, along with possible trading recession expectations, it might not lead to rapid interest rate cuts, but there will still be panic. The dollar, which is U, might not be that strong, and it could fall against RMB.

So, in summary, this is a potential risk. The Q1 market is okay, and you should manage risks and cash out your profits. How to operate specifically depends on you. Don't end up in a situation where you didn't make money from trading and also got trapped, and additionally, be harvested by U in the market.

As for the exchange of other countries' fiat currencies with the US dollar, you should also refer to the economic and monetary situation of your own country. Make sure to manage risks timely.