It looks like launched a stablecoin ("USDT2") that is "pegged to USDT in 1:1 ratio"
How does that work exactly and what's the point?
digifinex.com/en-ww/notice/3
Conversation
Lol.
Yeah that's a good question. IIRC Digifinex might have been the exchange with 'USDT' that really looked like it was actually CNY-based?
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My "USDT2" theory is that since there is no proof of reserves and it's not tradeable off of Digifinex, then it's easier to inflate volumes? #realvolume :p I don't recall any particular cny relation for digifinex
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That would make sense. I don't remember if it was them but someone, without disclosing it, had a 'USDT' whose premium closely tracked crypto-based CNY premiums.