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USDD Stablecoin Faces Possible Collapse Amid Huobi Insolvency Rumors

The bear market deepens as negative news and FUD keep popping up. The latest on the list of fear-causing information is Justin Sun’s USDD stablecoin and popular crypto exchange Huobi. 

Mike Alfred, an investor serving as a board member of BTC miner Iris Energy and digital asset investment platform Eaglebrook Advisors, earlier today voiced out some warnings on USDD stablecoin and Huobi Exchange. 

According to Alfred, Justin Sun shadow owns Huobi, and he is perhaps the “most erratic billionaire in crypto.” Justin has been sending a handful of billions of dollars of stablecoins around the space, including in and out of exchanges such as Binance, said Alfred. Adding, “Something huge is afoot. Withdraw all coins from unregulated exchanges.”

(By Samuel Edyme)

TRON TRON $0.20
+0.41%
Huobi Justin Sun
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