What does CNY/T mean in the context of cryptocurrency?

3 answers

• Mack DoyleJun 09, 2023 · 2 years ago
  CNY/T refers to the trading pair of Chinese Yuan (CNY) and Tether (USDT) in the cryptocurrency market. It represents the exchange rate between CNY and USDT, which is a stablecoin pegged to the value of the US dollar. This trading pair allows users to trade between CNY and USDT on various cryptocurrency exchanges. It is commonly used by traders and investors who want to convert their Chinese Yuan into a stable digital asset like USDT.
  437

  219
• McCabe IversenJul 19, 2024 · a year ago
  In the context of cryptocurrency, CNY/T stands for the exchange rate between the Chinese Yuan (CNY) and Tether (USDT). It is an important trading pair for users who want to convert their Chinese Yuan into a stable digital currency. By trading CNY/T, users can easily move in and out of the Chinese market without the need for traditional banking channels. It provides a convenient way for individuals and businesses to participate in the cryptocurrency ecosystem.
  463

  155
• Steven BakerOct 22, 2024 · 10 months ago
  CNY/T is an abbreviation for the trading pair of Chinese Yuan (CNY) and Tether (USDT) in the cryptocurrency industry. It represents the value of 1 Chinese Yuan in terms of Tether, which is a popular stablecoin. This trading pair allows users to buy or sell Tether using Chinese Yuan on cryptocurrency exchanges. It is commonly used by traders who want to hedge against the volatility of the Chinese Yuan or by individuals who want to convert their Chinese Yuan into a stable digital asset.
  489

  123