CandleFocus HTX to remove multiple trading pairs with Justin Sun’s USDD stablecoin
2024-09-09
Author: Content Editor
Crypto exchange HTX, formerly known as Huobi, will delist several trading pairs with the stablecoin USDD due to concerns over its backing and recent collateral withdrawals by the TRON DAO Reserve. The exchange advised users to cancel pending orders and transition to alternative trading pairs for a better trading experience. TRON founder Justin Sun defended the move, stating that the previous collateralization rate was not efficient and assured users of USDD's stability. USDD is now largely backed by TRON's native token, TRX.
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