$USDC Fei Ge's words make sense. Teda Company actually accepted our US dollars but didn't buy government bonds; instead, they invested in Bitcoin and gold. I think it's very untrustworthy for a stablecoin company to participate in the speculation of volatile assets (which they consider investments). I want to convert all the USDT I can into USDC, and only when the price of USDC exceeds USDT by more than 3% will I switch over. Sai You Na La USDT.

I exchanged the position of $USDT for $USDC

Tether's recent investment risk in gold lies in the misalignment of identity.

As an investment company, this is an excellent macro hedging strategy, capitalizing on the benefits of rising gold prices.

However, as a stablecoin issuer, placing a large reserve in volatile assets (gold) and active trading strategies undermines its purity and stability as 'digital cash'.

As long as Tether's gold holdings are primarily purchased using its profits (excess reserves), and core user funds are still supported by U.S. Treasuries, the risk remains manageable.

Once it is found to start using user principal to engage in large-scale speculation on gold, that would be an extremely dangerous signal.

In summary, after studying for a while, I decided to exchange my USDT holdings for USDC, just for everyone's reference.
{spot}(USDCUSDT)