Stablecoin

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<ul class="news-points"> 
 <li>Tether is selling off, and Adams Cochran thinks it is due to a likely Huobi insolvency.</li> 
 <li>Cochran observed Binance recently started selling USDT stablecoins in bulk.</li> 
 <li>The selloff coincided with the police questioning of Huobi executives and some Tron personnel.</li> 
</ul> 
<a href="https://coinedition.com/tag/tether-usdt/" rel="noopener noreferrer nofollow">Tether</a> is experiencing a selloff, and Adams Cochran, a renowned business analyst, thinks the reason behind it is likely Huobi insolvency. Cochran observed Binance started selling USDT stablecoins in bulk when the police started questioning Huobi executives and some Tron personnel. That happened after Tron founder Justin Sun launched the stUSDT <a href="https://coinedition.com/what-is-a-stablecoin/" rel="noopener noreferrer nofollow">stablecoin</a>. 
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 1/16 So why is Tether selling off? Likely Huobi insolvency. -Binance started selling off USDT in bulk. -We found out that Huobi execs (and Tron personnel questioned by police) -This is not long after Sun's stUSDT launch -And weird balance shifts at Huobi in the last month <a href="https://t.co/f3HViYS93a" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/f3HViYS93a</a>— Adam Cochran (adamscochran.eth) (@adamscochran) <a href="https://twitter.com/adamscochran/status/1687959096316542976?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 5, 2023</a> 
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Cochran explained from his findings that, just like in the case of FTT, Binance is often the first to know about risky assets or issues within the industry due to its scales and connections. He not… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/tether-stablecoin-is-selling-off-over-potential-huobi-insolvency/">Tether Stablecoin is Selling Off Over Potential Huobi Insolvency</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Tether Stablecoin is Selling Off Over Potential Huobi Insolvency

Coin Edition

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