ncrypt | web3 research

In September 2024, Huione, an online trading platform used for illegal activities, released USDH, a stablecoin pegged to the dollar. Huione is the largest illegal online platform with transactions exceeding $24 billion. In 2024, its turnover almost reached $10 billion. Huione promotes USDH as a solution for users looking to bypass the limitations of traditional stablecoins such as USDT and USDC. The key advantages of USDH are the lack of regulatory oversight and asset freezing. The stablecoin USDH is presented on the Ethereum, BSC, Tron blockchains and on its own Huione Xone network. At the same time, the Huione team created a crypto wallet and a decentralized exchange (DEX).

What a huge difference in volume 😁 2200 $DEGEN