This question has been asked before but has not been answered satisfactorily in my opinion. While the USD/USDT rate is very close to 0.9998 to 1.0002 the rate for EUR/USDT varies greatly and is far away from market rate. At time of writing, July 14th, 2021 - the rate on Binance to buy EUR with USDT is 1.1643 while the market rate 1.1801. This is a 1.4% difference. This simply makes it inefficient to trade back to your FIAT currency and that has implications for many customers in Europe. Can someone explain this level of difference? (previous responses were about weekend ... today is a Wednesday and all markets are open).
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