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What is digital currency USDT (Tether)? What's the use?
Teda currency (USDT) is a kind of virtual currency that links cryptocurrency with legal tender dollar, and it is a kind of virtual currency deposited in foreign exchange reserve account and supported by legal tender.

On September 24th, 20021year, the People's Bank of China issued a notice to further prevent and deal with the speculative risk of virtual currency transactions. The notice pointed out that virtual currency does not have the same legal status as legal tender.

Tips: According to the Announcement on Preventing the Financing Risks of Token Issuance, there is no approved digital currency trading platform in China. According to the laws and regulations of digital currency, investors are free to participate in digital currency trading at their own risk.

Response time: 2021-12-31. Please refer to the latest business changes announced by Ping An Bank in official website.