What can be the reasons behind Huobi listing $Pi in their service?
- To increase Huobi's Stablecoins Reserve
- To generate more revenue from trading fees
/2 Altcoin dump risk by #FTX, and #Alameda research.
- Bahamas regulators have taken custody of $3.5B in FTX customer assets.
- Alameda Research made many transactions for converting altcoins into $ETH / $USDT.
Recently, a Wall Street Journal article pointed out that more and more of Tether's assets are secured loans, which led to more criticism of the quality of Tether's assets.
The WSJ's argument was that secured loans represented 9% of Tether's total assets, up from 4% at the end of 2021.
Secured loans are considered a more risky asset to hold as a reserve compared to US Treasury Bills, which Tether reported as 58% of its total assets (September 2022)
Donald Trump was against crypto and was unlikely to issue the self-branded NFTs. Regardless, he did it, and the "Trump Digital Trading Cards" NFT is rocking in OpenSea, #Polygon chain.