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GateUser-0716ccb8

· 9h ago

666666666666669

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GateUser-edb9b785

· 11h ago

HODL Tight 💪

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IELTS

· 11h ago

The Renminbi Makes a Strong Comeback, Stablecoins Become "Risk Assets" Over the past six months, the Renminbi has quietly staged a "comeback." Offshore Renminbi (CNH) has surged from above 7.4 in April to 7.06, reaching a new high in the past year. Amidst global currency volatility, the Renminbi has become one of the strongest performing currencies in the Asian market. Some are happy, some are not. Bears who once firmly believed the Renminbi would break 7.3 have been forced to close their positions. Those who have held U.S. dollars long-term—including investors holding shadow dollars like USDT—have suffered passive "losses" (when denominated in Renminbi). Why is the Renminbi strengthening at this particular time? Can this trend continue? In the past, when the market discussed Renminbi appreciation, a common saying was "the central bank has intervened." However, this round of Renminbi appreciation is more than just that...

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HighAmbition

· 11h ago

HODL Tight 💪

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