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Bloomberg: New TaiCoin is expected to surpass RenminbiCoin and become the best financing currency coin in Asia
"Bloomberg" reported that Xintai Coin is becoming the focus of market follow-up due to the low risk of Exchange Rate and Intrerest RateFluctuation, and may even replace People's Coin as the most popular carry trading coin in Asia. Experts believe that Taiwan's sound economic fundamentals and Central Bank's flexible policies are the key to the rapid improvement of the attractiveness of new Taiwan coins. (Synopsis: BTCMarket Cap "surpasses Xintai Coin" with $1.95 trillion and ranks 12th largest coin in the world!) (Background added: People's Coin depreciates 7.3 against the dollar!) China's Central Bank: To maintain the stability of Exchange Rate, adhere to the loose stance of commodity coin) Bloomberg (Bloomberg) reported on the 14th that Xintai Coin is becoming a spread trading coin followed by the market due to the low risk of Exchange Rate and Intrerest RateFluctuation, and is even expected to replace People's Coin as the most popular financing tool in Asia. Sharpe Value Data Highlights New Coin Advantages According to Sharpe Ratio, the strategy of borrowing with New Taiwan Coin and investing in high-growth Intrerest Rate assets in the past month has recorded the second highest return rate among Asian coins, second only to People's Coin. According to expert analysis, Xintai Coin may soon replace People's Coin as the most popular carry trading tool in the Asian region. The reason is that China's measures to stabilize people's coins, such as restricting market liquidity and setting a strong exchange rate reference price, have led to sharp fluctuations in people's coin lending costs. In contrast, Taiwan's Central Bank is more tolerant of the depreciation of the new Taiwan coinExchange Rate, as the depreciation helps the export-driven economy and attracts artificial intelligence (AI)-related capital flows into Taiwan stocks. Bloomberg People's Coin Attractiveness Bloomberg Intelligence Analyst Stephen Chiu said: New Taiwan Coin and offshore People's Coin have always been the best financing coins in Asia, but the recent increase in the risk of People's Coin intervention and the rise in the probability of short squeeze have significantly increased the attractiveness of New Taiwan Coin. In addition, the attractiveness of People's Coin as a source of carry trade financing is gradually declining, mainly due to a series of defensive measures taken by the People's Bank of China to deal with international trade challenges, such as pressure to raise tariffs after Trump's possible return to the White House. These interventions, including setting a strong Exchange Rate reference price, reducing market liquidity and issuing verbal warnings, have made People's Coin the third largest cryptocurrency in Asia in the past month. Advantages and Challenges of Xintai Coin Xintai Coin recently broke through the psychological barrier of 33 yuan to 1 US dollar, hitting a new low in nearly nine years, which is more attractive for spread trading. Trump's imminent return to the White House has added uncertainty to the global economy, and markets are worried about the resumption of the trade war, putting additional pressure on People's Coin. Joey Chew, Head of Asian Forex at HSBC, said: Although Xintai Coin may face short-term depreciation, Taiwan's economic fundamentals are sound and Central Bank's policy flexibility makes it more resilient than other Asian coins. However, despite the increased attractiveness of the new Taiwan coin, it may pose challenges due to the limited size of the market. Some experts worry that if large-scale Arbitrage transactions pour in, the new Taiwan coin may face the risk of fluctuation. In addition, if the United States is listed as an Exchange Rate manipulator, it will also be a disadvantage. Community netizens have divided views on this, some people worry that the Taiwan coin market is not large enough and may not be able to withstand the speculative boom; Others see this as an opportunity for Taiwan to enhance its international financial status. Related reports People's Coin depreciates 7.3 against the US dollar! China's Central Bank: To maintain the stability of the Exchange Rate, adhere to the loose stance of the commodity coin, the people's coin collapse countdown? The onshore people's coinExchange Rate once fell below the 7.3 mark, the weakest since 2023 China's stock market across the board Take a Nosedive, Beijing will let the people's coin depreciate sharply to deal with Trump's trade war? "Bloomberg: New Taiwan Coin is expected to surpass People's Coin and become the best financing coin in Asia" This article was first published on BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".