The Tether premium flipped negative on May 6
The OKX Tether (USDT) premium gauges China-based retail demand and it measures the difference between the China-based peer-to-peer trades and the United States dollar. Excessive buying demand puts the indicator above fair value at 100%. On the other hand, Tether’s market offer is flooded during bearish markets, causing a 4% or higher discount. Tether (USDT) peer-to-peer vs. USD/CNY. Source: OKX The OKX Tether premium peaked at 1.7% on April 30, indicating some excess demand from retail. Howev...
The Tether premium flipped negative on May 6
The OKX Tether (USDT) premium gauges China-based retail demand and it measures the difference between the China-based peer-to-peer trades and the United States dollar. Excessive buying demand puts the indicator above fair value at 100%. On the other hand, Tether’s market offer is flooded during bearish markets, causing a 4% or higher discount. Tether (USDT) peer-to-peer vs. USD/CNY. Source: OKX The OKX Tether premium peaked at 1.7% on April 30, indicating some excess demand from retail. Howev...
