I use USDT to transfer from one exchange to another.
My workflow is:
Step 1: Buy AUD to Exchange1 (BTCMarkets) and buy USDT on Exchange1
Step 2: Transfer from Exchange1 (BTCMarkets) USDT wallet to Exchange2 (Binance) USDT wallet
Step 3: Trade Exchange2 (Binance) USDT to an altcoin on Exchange2 (Binance)
Can anyone please help me understand why USDT (Tether) in Cointracker is showing an all-time USDT total return of -17%?
I don’t ‘invest’ in USDT, as I said above, it’s purely to transfer between the two exchanges. At most I am holding it for about 20 minutes.
The “6,608.06 AUD per USDT” is obviously wrong too.