The exchange rate has been quite volatile recently.
何以解忧-星辰哥
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I only realized how much USDT has dropped when I sold U today. I remember that a week ago I sold over 10,000 dollars when it was around 7.12, and now the price is actually 6.96. Some say it is due to the Federal Reserve's interest rate cuts, which I don't quite agree with. Interest rate cuts by the Federal Reserve don't happen overnight, so there's no reason for such a rapid drop. (Previously, platforms had premiums) Others say it is due to the recent crackdown on U merchants, but that crackdown hasn't just started recently; it has been going on for a while. So does anyone know the reason???
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