Crypto Exchange Huobi Delists Tokens Using Justin Sun’s Tron Stablecoin
- Huobi halts trading between major altcoins and stablecoin USDD
- Many of the tokens were called securities in SEC lawsuits
Source: Bloomberg
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Crypto exchange Huobi Global Ltd. said it will remove 10 “trading pairs,” primarily ones involving tokens used in transactions with the USDD stablecoin issued by the TRON DAO Reserve that is supported by digital-asset entrepreneur Justin Sun.
Cardano’s ADA, Solana’s SOL, ApeCoin’s APE, Polygon’s MATIC, Filecoin’s FIL and Ethereum Classic’s ETC tokens paired with USDD will be delisted as of June 29, Huobi said in a website post Monday. Also being removed from the platform are ARPA, GAS, QTUM and ZKS pairs with Bitcoin. Huobi cited the changes as part of efforts to offer users “a better trading experience.”