USDT/CNY rebounded and broke through 7.05 on Monday. China's central bank cut interest rates again, ending the USDT depreciation cycle and easing the panic of the Federal Reserve starting easing.
MiyukiUSDT is trading at a 0.3% discount to the USD/CNY, meaning investors have been cashing out. Bitcoin prices are showing strength, but derivatives traders are skeptical that the momentum may not last.
AlexStablecoin, Liu Qiangdong and Lei Jun jointly enter the stablecoin market: Is the RMB stablecoin far away? Golden Finance, virtual currency has once again shown its violent ups and downs.
JinseFinanceA viral story in Chinese social media tells of a man who discovered the 4000 bitcoins his father bought in 2015, now valued at over 2 billion RMB.
AlexThe use of digital RMB will provide Hong Kong and Mainland residents with an additional safe, convenient and new cross-border payment option.
JinseFinanceExploiting the features of non-real-name digital RMB accounts and the ATM cash withdrawal function, they orchestrated a scheme to transfer illicit funds for upstream criminals while earning such "service fees."
AlexWith the support and guidance of relevant departments and the Xi'an Branch of the People's Bank of China, various pilot operating agencies continue to optimize the digital RMB acceptance environment. Xi'an has initially established a digital RMB ecosystem with both application scenarios and consumer groups.
FtftxOn May 19, a press conference on the Chongqing digital renminbi pilot project was held, revealing the situation of the Chongqing digital renminbi pilot project to the outside world.
FtftxAccording to news on May 15, the latest version of the digital RMB app, version number 1.0.9.0, has been launched on the Apple App Store and major Android platforms.
FtftxXiamen City kicked off the digital renminbi consumption week activity, and major banks and merchants actively cooperated to build digital renminbi usage scenarios throughout the chain to meet user consumption needs.
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