Why is USDT trading allowed in China? Why hasn't the government banned Tether trading in China?
USDT is a digital asset that is pegged to the value of the US dollar, and is commonly used as a stablecoin for trading cryptocurrencies. It is traded in China because the Chinese government has not yet banned the trading of Tether, the issuer of USDT. While China has implemented strict regulations on cryptocurrencies and initial coin offerings (ICOs), stablecoins like USDT are considered a less volatile alternative and have not yet been deemed illegal. However, the regulatory landscape in China is constantly evolving, and it is possible that USDT trading may be prohibited in the future.
Release time 2023 05 20