1/🧵 This days it seems that there are two concerns in the crypto world that are spreading fud. The first is that the previous week USDT (Tether) broke it's peg to the US dollar to 0.997 #threadstorm #outreach
1/🧵 This days it seems that there are two concerns in the crypto world that are spreading fud. The first is that the previous week USDT (Tether) broke it's peg to the US dollar to 0.997 #threadstorm #outreach
2/🧵 The Second and in my opinion the only reason to have concers over is the insolvency rumors that are spreading about Huobi.
3/🧵 Huobi is the 12th largest crypto exchange in the world with $1,140,074,586 In trading volume /24 Hours 608 Coins listed 703 Pairs being traded
4/🧵 Justin Sun is once again fucking every project he gets involved with and if Huobi defaults the whole crypto space will feel the ripple effects.
5/🧵 https://leofinance.io/@steemychicken1/anything-justin-sun-touches-turns-to-shit
#hive #gosh #threads @leofinance
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Call that breaking peg.
They obviously haven't been around crypto that long. :D