On the first day of work, the liquidity of Taiwan's exchange USDT was tight, and it once traded at a premium of 35 against the New Taiwan Dollar.

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The end of the Chinese New Year holiday coincided with a major market crash, and Taiwan exchanges have seen a premium on USDT to TWD, soaring over 35 at one point.

Industry insiders analyze that due to the significant market volatility, many people need to deposit funds to supplement margin positions or bottom-fish, resulting in a significant increase in the demand for USDT. However, operators need to obtain more USDT liquidity through banks in exchange for US dollars. During peak hours, there is a shortage of USDT liquidity, leading to a premium. The source mentioned that there is often a discount when exchanging USDT for Taiwanese dollars when it falls and a premium when it rises. This situation, which follows the liquidity price difference in each region, also allows many arbitrageurs to profit from these opportunities.

On the first day of Taiwan's exchange USDT liquidity was tight, and it was once priced at a premium of 35 against the New Taiwan dollar. This article first appeared on Chain News ABMedia.

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