Crypto Community Believes USDD is Unsafe As Huobi Battles Crisis
- The crypto community thinks USDD is unsafe, given some unusual activities.
- Nansen data says Huobi users cashed over $60.9 million within 24 hours.
- The figure represents over 64% of its total $94 million outflow over seven days.
The crypto community speculates about a possible recurrence of the monumental stablecoin de-peg that happened seven months ago with UST. Given certain unusual activities around the Huobi Chinese crypto exchange, the crypto community thinks it is unsafe to hold USDD.
$USDD depegging again. Could this comment from @LiamCryptoSEO regarding USDD and algorithmic stablecoins come to fruition in the near future? https://t.co/4qae4e92n7
— Eleanor Terrett (@EleanorTerrett) January …
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