Chinese investors shift from USDT to stock market as central bank eases economic measures.
Chinese investors are increasingly moving from cryptocurrencies, particularly Tether's USDT, to the surging stock market as the central bank eases economic measures. Since late September, USDT has traded at a discount to the dollar, indicating a preference for cash and a rush to buy Chinese stocks. This trend involves both retail and institutional investors, reflecting a shift in investment strategy amid rising stock prices.
October 06, 2024
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