What does it mean to transfer USDT from an exchange (how does the exchange convert USDT into RMB)?
What does it mean to transfer USDT from an exchange? What does it mean to transf
What does it mean to transfer USDT from an exchange? What does it mean to transfer USDT from an exchange?
At 3:46 am on June 30th, Bitfinex’s USDT released tokens and exchanged 10,000 USDT for 48,000 coins starting with the address “0xb2e”. Afterward, there were two large transactions. The first occurred between 9:07 and 11:34. The second happened at 10:18, causing USDT to slightly decline. As of now, the large transfer has been completed, but the exact amount transferred has not been disclosed.
How does an exchange convert USDT into RMB?
According to cryptonews, USDT is a digital currency trading platform under Binance, which supports the issuance of USDT on the Ethereum network. Currently, the exchange has launched the RMB-denominated stablecoin USDC and is testing the use of these two cryptocurrencies for fiat currency exchange services. Users need to transfer the USDT they hold from overseas to China through an intermediary channel (such as Coinbase), and then convert the USDT into RMB. If available, this intermediary interface allows merchants, investors, etc., to directly send them US dollars or other fiat currencies.
This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/23502.htm
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
What is Bitcoin mining machine
What is Bitcoin? Editor’s note: This article is from BlockBeats (ID: BlockBeats), reprinted with authorization by the Daily Planet Daily What is Bitcoin for mining machines? Introduction to the principle and specific usage process of Bitcoin mining machines. Bitcoin mining equipment mainly includes two methods: 1. Digging coins on a computer; 2. Connect hardware to the network and control the computing power of the machine through chips; 3. Operating nodes like other mining systems, such as Bitmain, Canaan Creative and Yibang International. What is Bitcoin mining? Mining is a peer-to-peer process. However, due to the large workload and high power consumption costs, there is an excess of power resources and high maintenance costs. Therefore, Bitcoin mining requires a large amount of electricity to ensure a normal working environment Generally speaking, before digging out a new currency, there will be a special process or “closing” or being closed, “unlocking”, which means that users need to use a new ASIC chip to…
-
Jump Crypto Recovers 120000 ETHs Stolen by Wormhole
It is reported that 120000 ETHs stolen by Wormhole last year due to hacker attacks have been recovered by Jump Crypto three days ago. Jump Crypto, in cooperati…
-
Twitter’s Dog Coin Logo and the Massive DOGE Transaction
According to reports, Lookonchain tweeted that after Twitter changed the webpage icon to the Dog Coin logo, which led to an increase in the price of DOGE, the a
-
Introduction
On April 7th, according to a notice sent to customers on April 6th, DCG\’s crypto mining company Foundry USA will begin collecting mining pool fees from members
-
Algorand Foundation Unveils AlgoKit, A Suite of Tools to Build Web3 Applications on Algorand Protocol
It is reported that the Algorand Foundation, the ecological parent company of Algorand (ALGO), has announced the launch of the developer tool kit AlgoKit to bui
-
The Emergence of Virtual Metaverse: Breaking Down Daniel Alegre’s Speech
According to reports, Daniel Alegre, the new CEO of Yuga Labs, delivered a speech at the 2023 Consensus Conference stating that the virtual metaverse is not \”new\”. Alegre previousl
-
What is the advanced authentication of Huobi like?
What is the advanced authentication of Huobi like? According to Cointelegraph, H
-
ARK Fund Increases Holdings in Coinbase Shares
According to reports, data shows that ARK Ark Fund has increased its holdings of 394519 Coinbase shares (COIN) since February 19, with a value of about $23.05 …
-
Why can’t I log in to WBF Exchange? (Is WBF Exchange a legitimate exchange with no title)
Why can\’t I log in to WBF Exchange? Recently, there have been rumors on Weibo a
-
What is the reason for the decline of Ubnk coins (price of Ubnk coins)
What is the reason for the decline of the Ubnk coin? According to btcmanager analysis, what is the reason for the decline of the Ubnk coin. One reason is that the sharp rise of Bitcoin has caused many people to lose interest in UBBK, and when market prices fall, they also find that other counterfeit coins have not kept up with the rising speed; In addition, due to issues with the Ulck trading platform, many people believe that Ulckk is a fake thing, which makes many users doubt whether Ulckk is truly valuable and start questioning whether it is a scam or pyramid scheme. On the other hand, due to the theft of many wallets and private keys by ubounce, a large amount of funds have fled Price of ubnk coinsAccording to official information, the current price of ubnk coins is 0.039USDT. It is reported that Ubnk (Ubnk) is a decentralized public chain solution designed to address the issues of…