The Power of Unity: Huobi Global to Delist 10 Trading Pairs, Shocking the Crypto World!

By Lola Coin Jun 26, 202379Views

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Huobi Global Ltd. is discontinuing ten trading pairs, particularly those related to the USDD stablecoin, in order to enhance user trading experiences. The stablecoin, backed by Justin Sun, founder of TRON, has gained significant popularity. Starting from June 29th, Huobi will delist trading pairs involving tokens like ADA, SOL, APE, MATIC, FIL, ETC, ARPA, GAS, QTUM, and ZKS in combination with USDD. This move comes after the Securities and Exchange Commission (SEC) filed lawsuits against exchanges like Binance and Coinbase, classifying many of these tokens as unregistered securities. Stablecoins are crucial for traders as they offer stability and facilitate fund transfers between exchanges. USDD, currently the eighth-largest stablecoin, is widely traded on Huobi. The coin is supported by various digital assets including bitcoin, ethereum, and TRON. Justin Sun has rumored to have acquired a controlling stake in Huobi, although he has not confirmed this.

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