Decoding the Reason Behind USDT's High Premium: Old Players Swapping for U to Farm, Newcomers Entering

Author | Tan Shu Editor | Colin Wu In recent days, on the OTC trading platforms of many exchanges, the price of USDT exchanged for Chinese Yuan has shown a premium. Taking a certain exchange as an example, on April 4th, the price of USDT on Huobi OTC reached 6.79 yuan, while the foreign exchange rate for USD was 6.56 yuan, showing a premium of up to 3%.