Chinese Bitcoin Investor: CNH Tether Avoids USDT Regulatory Risk

Some traders believe that Tether printing is directly connected to Bitcoin's price action and Cointelegraph recently reported on the correlation between the two digital assets.

There is a 100% reserve certificate and a strict plan for risk management so this means users' assets are secure and will never be embezzled.

The core competitiveness that makes RenrenBit different from other DeFi platforms is that we adopted a centralized solution, offering asset custody, financial services, and a market with high-liquidity and better user experience.

We must admit that there is a barrier for those who are new to the blockchain world and their assets are often at risk because of the lack of technical skills and security awareness.

CT: What interest rates are offered on the digital assets and what is the custody solution for securing client and RenrenBit assets?

The APR of USDT in our market is around 12% to 15%.Once a user has pledged their digital assets, they will be locked in their Cloud Wallet.

CT: Won't those interested in digital currencies choose to use China's central bank digital currency instead of Tether and other digital assets?

Regardless of which wallet is used, the Proof-of-100%-Reserves system ensures the security of all digital assets stored on the platform.

ZD: The reserve system is a user-accessible catalog of all the digital assets stored on our platform for users to withdraw.

Generally, the reserve rate of traditional financial institutions is below 20% and our 100% reserve means the reserve rate of the platform is more than or equal to 100%.You might ask, how can we prove a platform offers 100% reserves? The easiest way is publishing both reserve volume and total volume of users' assets.