DeFi Daily News
Sunday, June 22, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Crypto Market

rewrite this title Shadowy marketplace Huione launches USDH stablecoin to evade scrutiny

Oluwapelumi Adejumo by Oluwapelumi Adejumo
January 14, 2025
in Crypto Market
0 0
0
rewrite this title Shadowy marketplace Huione launches USDH stablecoin to evade scrutiny
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

Blockchain security firm Elliptic reported that Huione—an online marketplace platform used for illicit activities—has launched USDH, a dollar-pegged stablecoin.

According to Elliptic, Huione touts USDH as a solution for users seeking to bypass the restrictions imposed by traditional stablecoins like USDT and USD Coin (USDC). The asset was launched in September 2024.

Huione is the largest illicit online marketplace, with transactions exceeding $24 billion. In 2024 alone, it recorded nearly $10 billion in transactions.

Huione Crypto Flows (Source: Elliptic)

USDH

Unlike Tether’s USDT and Circle’s USDC, USDH is not subject to freezing or transfer limitations enforced by issuers. This lack of regulatory oversight makes USDH particularly appealing to bad actors.

Notably, both Tether and Circle have previously taken action against wallets linked to illegal activities. For instance, Tether has frozen wallets associated with stolen funds from North Korea’s Lazarus Group, while Circle also has disabled wallets holding USDC from various crypto hacks.

While Huione continues to support USDT payments, it promotes USDH as a safer alternative. The stablecoin is available on Ethereum, BSC, Tron, and Huione’s proprietary Xone chain.

To broaden its offerings, Huione has introduced a crypto wallet and a decentralized exchange (DEX), and it previously attempted an initial coin offering (ICO) for its HC token. These initiatives aim to boost USDH’s accessibility.

Expansion efforts

Beyond USD, Huione is also diversifying its offerings despite mounting scrutiny. It recently introduced ChatMe, a messaging app designed to mimic Telegram.

ChatMe allows users to create group chats and bots, key tools for Huione’s marketplace operations. Integrated with the Huione Chain, the app supports payments and other blockchain-based features.

In addition, Huione unveiled its first dedicated crypto exchange, Huione Crypto, in September 2024. This platform enables users to trade USDH alongside cryptocurrencies like Bitcoin, ETH, TRX, Solana, and Dogecoin.

Based in Poland, the exchange targets European users and offers language support for the Chinese market.

Huione’s latest developments signal its intent to expand its influence in the crypto space, even as it faces ongoing scrutiny for its controversial activities.

Mentioned in this article

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: EvadeHuionelaunchesMarketplacerewritescrutinyShadowyStablecointitleUSDH
ShareTweetShare
Previous Post

Chaos erupts at Pete Hegseth confirmation hearing | LiveNOW from FOX

Next Post

rewrite this title TON Core And Telegram Initiate Developer Competition To Optimize TON And Enhance Its Efficiency, Offering Up To $200,000 In Rewards

Next Post
rewrite this title TON Core And Telegram Initiate Developer Competition To Optimize TON And Enhance Its Efficiency, Offering Up To 0,000 In Rewards

rewrite this title TON Core And Telegram Initiate Developer Competition To Optimize TON And Enhance Its Efficiency, Offering Up To $200,000 In Rewards

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

August 27, 2024
rewrite this title Hudson Pacific Properties: Beware The Perceived Discount (NYSE:HPP)

rewrite this title Hudson Pacific Properties: Beware The Perceived Discount (NYSE:HPP)

May 6, 2025
Proximus Group Partners with Infosys to Explore New Business Opportunities

Proximus Group Partners with Infosys to Explore New Business Opportunities

September 10, 2024
rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

May 6, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
Mastering Crypto Mining: A Step-By-Step Guide

Mastering Crypto Mining: A Step-By-Step Guide

September 12, 2024
rewrite this title SUI Action: Weekly Pattern Suggests Price Is Coiling For A Bigger Move | Bitcoinist.com

rewrite this title SUI Action: Weekly Pattern Suggests Price Is Coiling For A Bigger Move | Bitcoinist.com

June 22, 2025
rewrite this title Solana Cracks Below Key Structure – Head And Shoulders Breakdown Points To 6

rewrite this title Solana Cracks Below Key Structure – Head And Shoulders Breakdown Points To $106

June 22, 2025
rewrite this title The Bridgerton Books: A Reading Order Guide for Fans of the Netflix Series

rewrite this title The Bridgerton Books: A Reading Order Guide for Fans of the Netflix Series

June 22, 2025
rewrite this title and make it good for SEOIsrael under heavy missile fire after US strike on Iran

rewrite this title and make it good for SEOIsrael under heavy missile fire after US strike on Iran

June 22, 2025
rewrite this title and make it good for SEO 21 Crypto Tax-Free Countries in 2025

rewrite this title and make it good for SEO 21 Crypto Tax-Free Countries in 2025

June 22, 2025
rewrite this title Hilaria Baldwin Shares Hilarious Acting Lesson With Husband Alec Baldwin | Celebrity Insider

rewrite this title Hilaria Baldwin Shares Hilarious Acting Lesson With Husband Alec Baldwin | Celebrity Insider

June 22, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.