Recently, I noticed something quite interesting when exchanging currency—USDT’s price has dropped rather sharply. Last week, I handled a transaction of over $10,000, and at that time the price was still hovering around 7.12. But today, it’s actually fallen to 6.96.

There are several theories in the market. Some people are blaming the Fed’s interest rate cut, but I don’t think that logic holds up. The rate cut policy didn’t just come out of nowhere, and there’s always been a premium on the platform before, so there’s no reason for such a dramatic adjustment to only happen now.

Another opinion is that it’s related to the recent tightening of regulations on currency exchange channels. But if you think about it, similar actions have been happening for a while and it’s nothing new.

So where exactly is the problem? Or are there other factors we haven’t noticed at play? What does everyone think about this trend?