data from various exchanges show that the USDT C2C OTC price has fallen below 7.0. In addition, there has recently been an inversion phenomenon in the OTC price of stablecoins like USDT, falling below the RMB exchange rate. According to the State Administration of Foreign Exchange, the recent midpoint exchange rate of the RMB is around 7.07.
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The USDT C2C over-the-counter price has fallen below 7.0, resulting in an inversion with the current RMB exchange rate.
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