Opinion: USDT Negative Premium, Holding Stablecoins Still Loses Money — How to View and What to Do (Author @web3_mario) At the end of the year, many enterprises engaged in international trade often face foreign exchange settlement issues. During this period, the demand to convert USD to RMB becomes even more vigorous. Due to significant restrictions on onshore RMB exchange quotas, many small and medium-sized enterprises involved in international trade or overseas operations choose to settle foreign exchange through USDT; the negative premium of USDT is caused by short-term factors rather than structural risks. Investors can adjust their portfolios accordingly or wait until the negative premium mean reverts before taking action; the US-China tariff game is not a permanent solution, just a one-year pause. The US is temporarily unable to respond to the rare earth card, and the mid-term election cycle is approaching, but this does not mean the trade war will not reignite. Read more: