OKX plans to adjust TUSD discount rate on October 17

According to Odaily’s official announcement, in order to provide users with a better trading experience, reduce transaction costs and improve overall liquidity, OKX plans to adjust the cross-border trading of TUSD at 16:00-17:00 (UTC+8) on October 17, 2023. The currency discount rate of currency margin mode and combined margin mode. According to OKX, under the cross-currency margin account mode and combined margin mode, assets in different currencies in the full position can be jointly converted into US dollars and used as margin. Due to the large differences in market liquidity of each currency, the platform is Discounts are applied when calculating the actual USD value of each currency to balance market risk.