The rise of the New Taiwan Dollar does not mean that the price of USDT will decrease.
Because USDT depends on the market's buying demand.
Especially during a bear market 📉. The demand for USDT skyrockets.
Buyers are willing to pay a higher price.
At this point, the price of USDT/TWD on P2P is pushed up and may be higher than the spot price on domestic exchanges.
Although Binance P2P in the Taiwan market has ceased operations since 29/112024.
But the logic and the law of supply and demand remain unchanged.