The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Investors who have experienced the ups and downs in the cryptocurrency market should have long been accustomed to the roller coaster-like ups and downs in the digital currency market. However, there is also such a digital currency in the cryptocurrency circle. Unlike the turbulent market in the cryptocurrency circle, its price is very stable, neither rising nor falling. It can be used as a measure of the currency price, and it can also make the price in the currency transaction more intuitive. This digital currency is a stable currency, and USDT Tether is one of them. It is anchored with the legal currency US dollar. So what does the outflow of USDT from the exchange as a stable currency represent? Many investors want to know what impact this has on the currency price? Let the editor of the currency circle talk about it.

 What does the outflow of USDT from the exchange represent?

In 2019, the largest outflow of USDT was the transfer of 200 million USDTusdt from the exchange wallet. At the same time, Tether had a total of 18 large-scale on-chain transfers in the past 24 hours, and the single amount exceeded 1 million USDT. It is suspected that the funds in the market are returning to USDT, and the main force is gradually cashing out. BTC performance shows a fish tail market, BTC sucks blood, and continues the steady rise of the market. But the upward trend will not be too big. There are a lot of locked-in positions at the pressure level of 6450-6500. The more you chase, the greater the risk.

BTC's highest price is 6390, which is less than 60 US dollars away from the pressure level of 6450. It is currently adjusted to 6290 and fluctuates. During the period of consolidation, it will continue to step down and accumulate power. Overall, BTC's trend is healthy and rising steadily. From the data, it can be seen that the short-selling discount has also hit a new high. The long and short positions continue, and the short squeeze is taking place. BUST continues to rise, and the mainstream currency is weak. It is suspected that the funds in the market are gradually returning to USDT. We can see that USDT has flowed out of the exchange in large quantities, and the funds in the market will gradually cash out.

 What is the use of USDT?

Obviously, the biggest feature of USDT is that it is equivalent to the same amount of US dollars, 1USDT=1 US dollar. This makes it a good hedging token in the volatile cryptocurrency market.

Advantage 1: A truly stable currency, a safe haven

Every time the entire digital asset market encounters an extreme market with a large correction, all traders and investors are looking for a stable currency, and USDT is such a stable currency.

Digital assets are a market with extremely high returns and risks. Investors who have played with Bitcoin, Litecoin, Ethereum and other currencies will hardly have such large fluctuations in stocks, funds, P2P and other investment products. In currency-to-currency transactions, there are three common situations, taking LTC/BTC transactions as an example:

After buying LTC with BTC, both BTC and LTC are rising, and you enjoy two benefits;

After buying LTC with BTC, BTC and LTC rise and fall, and your income depends on the rise and fall of the two currencies, which one is greater. Only if the rise of any one is greater than the fall of the other, you will make a profit. Otherwise, you will lose money. If the rise and fall are equal, you will neither make a profit nor lose money;

After buying LTC with BTC, in extreme market conditions, both currencies are falling, and you need to bear two losses. This is often the most frustrating.

Advantage 2: Make the currency price more intuitive

Because USDT is equivalent to the US dollar, 1USDT = 1 US dollar. Each currency = how many USDT, that is, how many US dollars its unit price is. Currently, the major platforms that support USDT transactions internationally include: Poloniex, Bitfinex, Kraken, etc.

In summary, this is the introduction of the editor of the currency circle on what the outflow of USDT from the exchange represents and the impact of the outflow of USDT from the exchange on the currency price. There are actually certain potential risks behind the prosperity of USDT. Although USDT is pegged to the US dollar, Tether cannot provide us with the corresponding bank account guarantee, and it is still difficult to redeem the US dollar with USDT, so everyone must fully understand some of the risks faced.