I saw some friends asking about the decline of USDT today. I will reply to you. It is because the Fed cut interest rates, and RMB continued to strengthen after the rate cut! And the purchasing power of USDT has also declined!
When the prices of commodities such as crude oil and gold rise, they are often accompanied by currency depreciation. This is because rising commodity prices may trigger inflation, leading the central bank to adopt a tight monetary policy, which in turn affects the exchange rate. In addition, when investors seek safe-haven assets, they often turn to the commodity market rather than the currency market, further affecting the US dollar exchange rate.
So USDT will fall! And it will continue to fall, but it will come back sooner or later!
