Community response: 1 USDT off-exchange is only worth 6.97 RMB, while the dollar spot rate is 7.0649 RMB.
Negative premium of 0.17%, which seems like a small number, is actually a heavy blow - waking up all those who still fantasize that 'stablecoins = safe haven'.
A few days ago, the central bank led a meeting with 13 departments, targeting stablecoins and online speculation, with a tone as harsh as the 2022 519 replay:
"Virtual currency illegal financial activities, stablecoins? It's just a wolf in sheep's clothing, KYC/AML is a mess, money laundering/cross-border arbitrage/fraud all rely on it."
It's not a new policy; it's an upgrade of old bans: from 'banning transactions' to 'banning stabilizers', this aims to completely cut off the 'oxygen supply' for crypto.