According to BlockBeats, on September 21, as the Federal Reserve released a signal of interest rate cuts, the RMB exchange rate showed a strong upward trend. As of 4:59 on September 21, the offshore RMB against the US dollar was 7.0421, up 295 points from the previous trading day. At the close of 16:30 on September 20, the onshore RMB against the US dollar was 7.0552, up 108 points.

As of press time, the highest price for exchanging USDT for CNY on the Binance platform was only 6.98 yuan, and when selling in small quantities (less than 1,000 CNY), the price was only 6.92 yuan.