The recent surge in Chinese stocks can be attributed to the stimulus package and increased investor activity during the national holiday week. This trend is seen as a calculated risk-reward trade by savvy investors looking to capitalize on the potential gains.
Danny Chong, co-founder of a multi-staking protocol and Digital Assets Association Singapore, believes that despite a 3-5% cost to convert stablecoin USDT into equities, the potential upside of 50-70% makes this a strategic move. Chong shared his insights with CoinDesk via email.
