Reddit Posts
[SERIOUS] 50% of Justin Sun's Huobi Reserves Are Made Up of HT and TRX Tokens That Are Centrally Controlled By Sun and Huobi
Huobi Has Delisted Their Own Token HUSD As It Depegged To $0.3205, Depegging For the Second Time This Year As Justin Sun Takes Over
HUSD 'Stablecoin' Plunges to $0.3 Following Huobi Delisting
After Huobi Delisting Stablecoin HUSD Falls 72% From Dollar peg
Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89
Crypto Exchange Huobi Delists Its HUSD Stablecoin
HUSD Stablecoin Depegs Again After Huobi Delists HUSD Trading Pairs
Are regulated stablecoins the future of payments?
Market risk and 1:1 Stablecoin conversions
HUSD Stablecoin Loses Dollar Peg, Huobi Supposedly Jumped Ship in April
Why did HUSD dip below $1? Huobi provides explanation
Huobi Already Exited Stake In HUSD Stablecoin Before Depeg
HUSD liquidity issues resolved. Huobi exchange stablecoin $HUSD has been repegged to the US dollar after the depeg yesterday.
HUSD Stablecoin Loses Dollar Peg and returned.
Huobi Bitcoin Exchange’s HUSD Stablecoin Loses Its Dollar Peg - Decrypt
HUSD stablecoin has lost its peg - possible 200mm shortfall
UPDATED: A friend and I have compared 9 (12 now) exchanges. I posted this yesterday and got quite a lot of feedback (mostly good). Taking all of what you peeps had to say in consideration, here is the updated version of the sheet.
UPDATED: A friend and I have compared 9 exchanges. I posted this yesterday and got quite a lot of feedback (mostly good), and a couple of eychanges were missing. Taking all of what you peeps had to say in consideration, here is the updated version of the sheet.
Mentions
tldr; USDC, Binance USD, DAI, and HUSD make up the top four stablecoins by market cap. The stablecoin sector has a market cap of $138 billion. Binance recorded about $5.202 billion outflow of stablecoin since FTX's collapse. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Honestly, the bear market alone had BTC project all the way down to 15K and lower. BTC has become solidly stable, more so than stocks(or UST, HUSD etc). It's a wonder we're anywhere near 20k still. Those 19k buyers are a hardy bunch.
Surprised no one mentions Huobi "former" \*stablecoin\* HUSD depegged to $0.32
They really did abandon ship pretty hard on HUSD...!
UST and HUSD depegging hurts
I think I read somewhere that you can redeem an HUSD for $1 from the bank that backed the stablecoin but if it's depegged like that, it must not be a straight forward thing to do yet. Huobi should be accepting all HUSD deposits to redeem for another's stablecoin since they're the ones causing this mess
The issuer of HUSD. Yes, HUSD isn’t Huobis.
USTC & HUSD have a pegging competition now
tldr; Huobi's native stablecoin HUSD lost its parity with the US dollar and tumbled by nearly 70% after the exchange delisted the asset last week. At one point, its valuation dropped to $0.28, the lowest level in its three-year existence. The asset's collapse reminds of the crash of another token earlier this year – that of UST. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
>The crash caused massive panic in the crypto space and huge investment losses. Nonetheless, HUSD is much different than UST, meaning that the market might not repeat the same scenario. Anyone ballsy enough to short Huobi Token?
Am i the only one who never heard about HUSD ?
Outside of exchanges you can supposedly redeem it for 1:1 USD through the issuer. Wonder if the issuer went down and stopped redeeming HUSD.
I don't know about that, in the article it says you can still convert HUSD to USDT, but they don't specify if it's 1:1.
Save you a click: >Huobi's CEO and CFO has resigned their positions. > >Justin Sun now plays an active role in the running of the crypto firm. > >The exchange announced it would delist HUSD, replace it with USDD. and this: >According to the report, Justin Sun’s team at Tron has taken over important departments at the exchange. The report continued that Sun is looking to cut the exchange’s staff population as he believes “there are too many people.”
He broke HUSD and runs away.
Huobi is set to delist their own stablecoin HUSD which has depegged to $0.76 at the moment. Stablecoin Stable Universal Limited is the actual issuer of HUSD and was backed by Huobi. The is the second time HUSD has depegged this year.
tldr; On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Tldr; On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022. Furthermore, users with HUSD held on the exchange will see their balances auto-converted to the stablecoin asset tether and the exchange expects to complete the full conversion by November 4. Saved you a click!
tldr; Huobi has been closely linked with the relatively minor HUSD stablecoin since its launch in 2018. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Tldr; Crypto exchange Huobi Global is cutting ties with its closely linked stablecoin, the troubled asset HUSD. In a notice to users, Huobi, the top trading venue for the $219 million market-cap stablecoin, cited its rules for performing “regular inspection” on listed assets. Huobi, a top 10 exchange by trading volume that recently agreed to be acquired by About Capital, said it will begin delisting HUSD at 8:00 UTC Friday and will in the interim begin converting assets to USDT on a 1:1 basis. HUSD is a relatively minor stablecoin that Huobi launched in 2018 as a “stablecoin solution” that accepted other dollar-pegged tokens as backing. It was issued by Stable Universal but was heavily marketed by Huobi as a token that was “exclusive” to its own exchange when it launched. The move continues a wave of consolidations and jockeying in crypto’s $140 billion stablecoin subsector that has long been dominated by USDT. But an influx of newcomers has recently shaken that grip. Saved you a click!
Huobi to HUSD: Your sacrifice won't be in vain.
Gonna save you a click. The HUSD Stablecoin lost it's peg in August and lost 8% of it's worth. ( could be worse ) It also came under reglementary supervision and they basicly pulled the plug.
A cursory glance suggests that it was actually the closing down of their AMM in several regions due to regulations that caused the HUSD to depeg.
tldr; Huobi's dollar-pegged stablecoin HUSD has broken away from its $1 peg again following the delisting of a number of trading pairs of the token on the Huobi exchange. The stablecoin is currently standing at $0.97 and has fallen from its peg for the last 12 hours. Huobi has not commented on the incident yet. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
They exited the project in the spring, so I guess there's something fundamentally corrupt about the company running HUSD, Stable Universal Limited.
It is truly the year of depegging - UST, USDT, now HUSD... Even ADA is losing $0.40 at the moment and USD/EUR is no longer at 1.
How does one buy HUSD?
tldr; HUSD is the latest stablecoin to lose its dollar parity and face massive liquidity issues. The cryptocurrency trades at around $0.89 – more than 10% below its intended fixed value of $1. Huobi, the cryptocurrency exchange that seemingly backed the stablecoin, supposedly abandoned the project in April. However, they promise to help in handling the liquidity issues *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Just getting to know this I'll definitely DCA HUSD. you can check out OUSD for an amazing yeilds
tldr; Huobi’s HUSD is the latest stablecoin to risk further de-pegging as it is currently trading below $0.8. The exchange exited its stake in the stablecoin in April. The stablecoin is redeemed on a 1:1 basis against the US dollar. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
would you consider using HUSD after yesterday's depeg?
I hope everyone knows Huobi (claims that they) exited its stake in HUSD back in April.
Liquidity issue on redemptions, resolved. I figured with the market cap of HUSD being "only" $200mm that even a colossal fuck up on the liquidity provider would be bailed out by Huobi..
People put all stable coins into one box... 1. HUSD is not algorithmic like UST was. 2. HUSD is marketed by Huobi as their own. 3. HUSD market cap is less than $250mm 4. Huobi is a publically traded company with $1.4bn in assets + never had an unprofitable Quarter - all it's financials are public. 5. Huobi would never allow the issuer of HUSD to cause the collapse of their reputation and would have had to assist them if they really had lost all liquidity. This was not really gambling...
I figured that even if the company behind HUSD (not actually Huobi directly) had screwed up so bad they had nothing that Huobi would cover the 200mm to save their exchange - they are easily big enough.. Didn't go all in but the easiest 17% I've had in a while.
Have you people heard about HUSD being depegged from USD? What do you think about which one is next?
The linked article identifies the loss of revenue on account of China's ban. There is nothing in it about HUSD. Links to any evidence about HUSD?
Right now I saw HUSD depeg
HUSD is recovering its peg, unbelievable! I thought it would die.
Huobi is a big exchange. What if the HUSD collapse causes them to go bust? I wouldn't put it past them to be doing fractional reserve banking...
tldr; Stablecoin HUSD has lost parity with the US dollar. It's the latest stablecoin to lose its dollar peg. The depegging has resulted in HUSD’s liquidity on the Curve 3pool (3Crv) skewing, with the exchange warning that the current exchange rate is "too low." *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
HUSD is waaaaaay smaller than Luna so its unlikely it will affect BTC IMO.
How do you even trust a stablecoin named HUSD?
Looks like HUSD holders are fucked: https://cryptoslate.com/huobi-exited-husd-stablecoin-deal-before-token-depegged-below-0-8/
How is Algorand linked to Huobi or HUSD? Genuine question
this depeg of HUSD is not good at all. it is backed by huobi exchange, and they are really big. if they can't back it, the whole market will suffer
Huobi has even distanced themselves from this Now they claim HUSD is not Huobi USD.. but "Hot" USD Huobi have apparently exited their stake in HUSD.. they are informing the market after it has depegged LMAO
Who holds these incredibly high risk stable coins? I have absolutely zero sympathy for anyone losing money in HUSD
Everybody on google now "how to short HUSD"
I've never even heared of HUSD... how many stablecoins are there??
Hmmm… HUSD looks like it’s missing a peg
All of those coins except BUSD are magnitudes smaller than the bigger coins that are holding billions or even dozens of billions, which is really the point where it starts getting unreasonable to hold the value in fiat. USPD isn't just fiat, it also includes "cash equivalents" or "debt instruments", while BUSD includes U.S. treasury bills and "money-market funds invested in U.S. Treasury bills", with neither being transparent in the proportions. Once HUSD and GUSD becomes big enough then we'll likely see similar wordings. Then there's also how easy it is to just lie in crypto and how they can pretty much just completely crash overnight once that's uncovered.
> Every regular stable coin stop holding all of their value in fiat when they become big and start relying on other assets as collateral Not PAXG (though it's not fiat but gold), nor USDP/BUSD and now HUSD. Also neither GUSD.
DISCLAIMER, list of updates and Sources: I posted this yesterday, and got a lot of positive comments so, I decided to update with the few details that you peeps suggested Disclaimers: 1) This spreadsheet was made for another purpose by a friend and I, but I thought can be handy to post it here. 2) I create social media content for SwissBorg, but this sheet was NOT ordered by the company. 3) This is in no way financial advice, and that information could become wrong in the near futur, so, make sure to only use this as informational & do your own research What was changed: 1) Instead of comparing the "staking" rates, I changed and put the APY. This is any kind of return, so be aware that the comparaison isn't "fair". However, the everyday user doesn't differentiate staking and lending, so I mixed them up here too. 2) Coinbase Pro and Kraken Pro are super relevant, and quite similar except in their fees here. I colored the fees for the pro versions in orange. 3) I added in Gemini, Kucoin and Voyager (that has a very tough to find spread) 4) "up to" means it's THE BEST you can get, but all of those exchanges have different tiers of premium that have different conditions. Check those out BEFORE thinking about signing up somewhere to get the rates 5) Kraken does not seem to charge a fee on the pro version, which makes it second only to FTW in terms of trading fees. SOURCES: Coinbase Fees: https://www.investopedia.com/coinbase-vs-coinbase-pro-5120704 APY: https://www.coinbase.com/staking Binance Fees: https://www.binance.com/en/support/faq/115000429332 https://www.binance.com/en/fee/schedule APY: https://www.binance.com/en/earn/ Celsius Fees: https://www.creditdonkey.com/blockfi-celsius.html APY: https://celsius.network/earn (in kind rate) Kraken Fees: https://www.kraken.com/features/fee-schedule https://moneytothemasses.com/saving-for-your-future/investing/cryptocurrency/kraken-review-is-it-just-for-advanced-crypto-traders APY: https://www.kraken.com/features/staking-coins Huobi Fees:https://www.huobi.com/support/en-us/detail/360000312282 APY: https://www.huobi.com/en-us/financial/earn?type=steady (HUSD - ST = Short tearm so < 1 week) FTX: Fees: https://help.ftx.com/hc/en-us/articles/360024479432-Fees APY: https://help.blockfolio.com/hc/en-us/articles/4407082596891-FTX-Earn Nexo Fees: https://www.creditdonkey.com/blockfi-nexo.html APY: https://nexo.io/earn-crypto (earn in kind) Crypto.com Fees: https://crypto.com/exchange/document/fees-limits (staking 0 CRO) https://www.youtube.com/watch?v=OVDEnnnUWXw (we averaged 10 trades - if you check online spread will be said to be worse) APY: https://crypto.com/earn Kucoin Fees: https://www.kucoin.com/news/en-fee APY: https://www.kucoin.com/earn Gemini Fees: https://time.com/nextadvisor/investing/cryptocurrency/gemini-review/#:\~:text=The%20convenience%20fee%20is%20about,1%20BTC%20including%20the%20fee. https://www.gemini.com/fees/activetrader-fee-schedule#section-overview APY: https://www.gemini.com/earn Voyager: Fees:https://www.businessinsider.com/personal-finance/voyager-investing-review?r=US&IR=T APY: https://www.investvoyager.com/earn/ SwissBorg Fees: https://swissborg.com/legal/swissborg-app-fees APY: https://swissborg.com/smart-yield-account
Wait so FTX US will give you 1:1 for USDC when you deposit USD? "USD, USDC, TUSD, PAX, BUSD, and HUSD all count as "USD Stablecoin" balances. Depositing any of those to your FTX.US wallet will credit you 1:1 with USD Stablecoins. You can withdraw USD Stablecoins 1:1 as any of USDC, TUSD, PAX, BUSD, and HUSD." No spread?
I'm amazed by all the Terra and DAI shilling going on in this subreddit. As much as we all like decentralization, stablecoins will get regulated very soon (We're talking a month or a year from now,) and crypto is gonna get regulated in a year or two tops. You want to be in the right side of the table when that happens, and as much as we all like decentralization, Terra is still an untested economic experiment that has yet to be around during a bear market, and DAI is 30% backed by USDC since it failed to hold the leg on its own back in the day. Going for decentralized economical experiments while regulation is extremely nigh is a very risky pick, especially when stuff such as Terra has such high APYs. To me the most serious stablecoin is USDP/PAX, which also makes BUSD, HUSD and PAXG. Their CEO was previously in the banking industry, they have a New York Banking Charter, they are friendly towards regulators and are aimed towards institutional investors. The token has also been around since 2018, is backed 96% by dollars and 4% by US government bonds, and they do monthly audits too. USDC also seems like an okay pick, although not as credible, and they have yet to transition completely into fully dollar backed to get the national banking charter they want. Once stablecoin regulation is around, all the centralized stablecoins that don't have a banking charter will be impacted negatively, and we don't know what may happen by then... And the decentralized stables may end up in a "grey" area or be impacted negatively too. Depending on the overall market sentiment it could trigger the next bear market, or just a correction.
There are a bunch of stable coins pegged to various fist currencies like USD and GBP. Examples include USDT, USDC, HUSD, and I'll need some Brits to tag in on the GBP equivalents. The point of these coins is that they hold value, so you don't have to cash out to fiat currency. You can let it sit in one of those coins until you are ready to cash out or buy something else without worrying about the value of the coin going down (the underlying currencies are another story, but that's the same risk you take holding physical cash in your wallet or bank account)
List of Stablecoins by Market Cap - 1. USDT 2. USDC 3. BUSD 4. DAI 5. UST 6. TUSD 7. PAX 8. HUSD 9. USDN 10. FEI 11. GUSD
tldr; Stablecoin issuer Stable Universal has revealed the assets backing HUSD, the eighth-largest stablecoin by market cap, are all held in cash in money market accounts in the United States. It's the first time the issuer has released such information. The disclosure comes as an increasing number of stablecoin issuers have started revealing the breakdown of their reserves. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
List of Alternatives: [Dai](https://coinmarketcap.com/currencies/multi-collateral-dai/) [UST](https://coinmarketcap.com/currencies/terrausd/) [TrueUSD](https://coinmarketcap.com/currencies/trueusd/) [BUSD](https://coinmarketcap.com/currencies/binance-usd/) [HUSD](https://coinmarketcap.com/currencies/husd/) [Paxos Standard](https://coinmarketcap.com/currencies/paxos-standard/) [USDC](https://coinmarketcap.com/currencies/usd-coin/) and even more alternative, how about a Euro Stable Coin.. [Stasis-Euro](https://coinmarketcap.com/currencies/stasis-euro/)
HUSD has somehow dropped to $0.93 That's.... fucked
What does it mean when whale alerts on Twitter says: 9,299,899 #HUSD (9,299,899 USD) burned at HUSD Incinerator TIA
The digital dollar already exists times 10x USDC, USDT, BUSD, Dai, UST, TUSD, LUSD, HUSD, FEI, USDN, ALUSD, USDP, GUSD, sUSD… and many more… Why the fuck do they think they need to make one too?
Two weeks ago I reallocated my portfolio to 20% in USDC, 20% Tether, 15% DAI, 15% BUSD, 10% PAX, 10% UST, 10% HUSD. I haven't noticed a dip.
20% in USDC, 20% Tether, 15% DAI, 15% BUSD, 10% PAX, 10% UST, 10% HUSD. I'm doing quite well compared to the market average.
I hate that DAI, PAX, TUSD, HUSD, BUSD, USDT are listed as the "gainers" on Coinbase, basically slaps me in the face. And guess who sits at the top for the only actual gainer...................... 
Can someone explain why do we need another USD-pegged stable? As if USDC, USDT, GUSD, PAX, DAI, BUSD, HUSD, TUSS, sUSD etc. isn’t enough of the same thing.
When someone cashes out into fiat the stablecoin gets burnt. That is for all stablecoins that are backed 1:1 by fiat. So USDT, BUSD, HUSD, USDC etc. DAI etc work differently so you'll never see those burnt, they're backed by crypto. There's a great article on how stablecoins work, would recommend it to anyone: https://medium.com/dragonfly-research/a-visual-explanation-of-algorithmic-stablecoins-9a0c1f0f51a0
Yes, it's great project with great team and with Elastos in the background. One of the highest APY (more than 5000% on Filda-HUSD pool now) and legit team makes me happy. Good luck ELA and FilDA
You send to a wallet with HECO chain custom RPC added? Should be same as an existing ETH addresses and you change network. Did you add custom token for HUSD?! https://hecoinfo.com/token/0x0298c2b32eae4da002a15f36fdf7615bea3da047?a=0x3375aff2cacf683b8fc34807b9443eb32e7afff6 Connect wallet to bankdefi.finance wait for balance to lad in HUSD. When in doubt refresh the page. The HUsD most liquid pairs should only really be swapped IMO for BDS or BDL in the exchange until more liquidity and routing pairs are added. Hope this helps. Lmk if still stuck
I used these instructions, now my 5 HUSD has disappeared. What do i do?
I was able to purchase Huobi Token and HUSD from huobi global - (Remember it's on Huobi Eco Chain) when you withdraw from the exchange, you need to with draw to Huobi Chain. (HECO) HT is the "eth" of HECO chain - needed for gas with transaction costs about 4-5 transactions per cent. very low. P.S. these instructions show the old block explorer. the new one to enter in the custom RPC is [https://hecoinfo.com/](https://hecoinfo.com/) \- all other entries are correct. [https://attncommunity.medium.com/how-to-connect-to-huobi-eco-chain-heco-and-binance-smart-chain-bsc-through-metamask-93c17b763abf](https://attncommunity.medium.com/how-to-connect-to-huobi-eco-chain-heco-and-binance-smart-chain-bsc-through-metamask-93c17b763abf)
Just came to search more about this project and can barely find much, very under the radar. I have found that the BankDefi APP is on the Huobi Wallet and some more information on the project in some Chinese apps. With Huobi Eco Chain being so new and the success of MDEX on the chain, I'd have to agree its just a matter of time before money begins flowing in here. Code and distribution model is 9/10th of Wanswap. Only major difference is the DAO fund has been increased to 15% from the farming contracts. If you dig further in github and telegram and further DD you will find many connections to Wanswap. even in the code itself. My question really is, so what did we find here? and why is market cap so low. The swap and farms work, the lending app works. Governance and analytics and more tokens and liquidity are needed. But how many chances do you find a project living 68 days and still under 100K marketcap. Don't think it will last long. According to the docs, the 5X period of farming rewards ends after 1 week + 2 Months of 5X rewards. which just ended yesterday. [https://www.yuque.com/bankdefi/doc/oanv4h](https://www.yuque.com/bankdefi/doc/oanv4h) [https://www.hecochain.com/zh-cn/wallet](https://www.hecochain.com/zh-cn/wallet) its on this app [https://www.defibox.com/defirange/?type=dex&chain=heco](https://www.defibox.com/defirange/?type=dex&chain=heco) Best way to obtain the tokens to farm here or swap is obtaining some HT (Huobi Token) - Gas/main currency (transaction fees are 1/4 of a cent per tx) and HUSD (Huobi USD) the HUSD pairs for BDSwap and BDLend are most liquid. I have also entered the farms in the HETH/HBTC pair. Very excited to enter my first project under 100k and take the community aspect under my belt. Looking forward to making more contributions here to grow the project. Please join telegram and get in touch with admins with skills you can contribute. Project needs to grow telegram community, initiate a twitter account and tie up some loose ends. But as far as legitimacy, you may be staring it right in the face. Of course DYOR with info found here and whatever else you can find. Cheers and great find. I will #farmandchill and take this community project in my hands with other like minded individuals... Who's with me?
I bought HUSD (Huobi's native USD stablecoin, which you can use to swap for the BDL or BDS coin over at BankDefi's swap page. You'll need to have a small amount of Huobi Token (HT) to use as fuel for the swap. Before you do that though, you need to manually add the HECO chain to MetaMask, instructions are here (not that hard): [https://attncommunity.medium.com/how-to-connect-to-huobi-eco-chain-heco-and-binance-smart-chain-bsc-through-metamask-93c17b763abf](https://attncommunity.medium.com/how-to-connect-to-huobi-eco-chain-heco-and-binance-smart-chain-bsc-through-metamask-93c17b763abf)
Defi is also avaliable on Elastos. Filda is currently based on the Huobi/ Heco chain and uses HT for gas instead of ETH which means it has SIGNIFICANTLY less gas fees with pennies instead of $50-100+ gas fees using ETH. It's way quicker and easier to use. The LP pool and rewards include FILDA-HT (1779.34% APY), FILDA-HUSD (1555.59% APY), FILDA-ELA (668.27% APY), FILDA-MDX (830.18% APY), FILDA DAO (No risk of Impermanent loss) (447.19% APY) Here is the tutorial for staking with Filda and Elastos. https://youtu.be/Oi6ckJdnN58 https://fildafinance.medium.com/how-filda-is-keeping-your-funds-safe-and-secure-b407a8afda17 FilDA can be bought on the MXC, Bibox, or MDEX exchange.
Seems risky. I prefer an even split of: 10% Tether 10% USDC 10% Binance USD 10% DAI 10% TerraUSD 10% Paxos Standard 10% HUSD 10% TrueUSD 10% Neutrino USD 10 different wallet seeds written on paper and stored at the safest place I know - my local bank.
No worries! I have some BUSD on Celsius, and it's been fine so far. Also, if you don't want to go the BUSD route, FTX lumps USDC, BUSD, TUSD, PAX and HUSD into one and does conversion between them. So you could get BUSD on Binance, transfer to FTX over BEP2 (costs $0.5 last time I did it) and withdraw, say, USDC to Celsius. FTX to Celsius for ERC20 stablecoins cost $10 though. Also, I think you can just straight up deposit fiat to FTX and withdraw any of those stablecoins, but I haven't tried that.
Or someone is getting out early as they sense the top is in? Lot of BUSD being burned at PAX Treasury and HT or HUSD at Huobi. Weird large transfers of stuff like YFI, NEO, XLM, ATOM SUSHI etc. PAX Treasury in particular is probably the most regulated and therefore ‘honest’ of the stablecoins. So if redemptions to fiat are exceeding incoming flow, they HAVE to burn BUSD. I’m a rabid no coiner because of Tether. So you can say I’m just spreading FUD. But if I WERE a coiner, I’d take profits now and wait a few weeks.