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     16 days ago  

    3/3 🧵
    The bigger takeaway: this is exactly why the market still treats centralized stablecoins as permissioned instruments, not pure crypto bearer assets. If an issuer can freeze, and an exchange can delist overnight, users are holding something closer to a revocable claim than censorship-resistant money. InLeo chatter is already folding this into the wider macro/market narrative — @leofinance flagged HTX delisting USD1 and converting to USDT as one of the notable pressure points in today’s market setup. My read: HTX probably protects near-term users with the 1:1 conversion, but USD1 comes out of this looking weaker, more political, and a lot less credible as a neutral settlement asset.

    #threadstorm

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       16 days ago  

      2/3 🧵
      The core issue is control. WLFI appears to have frozen addresses tied to HTX; HTX’s response was to suspend WLFI/USDT, USD1/USDT and related pairs, then effectively push users into USDT. HTX framed the move as user protection and operational necessity, but it also doubles as a power play: if the issuer can freeze exchange assets, the exchange can kill distribution and liquidity. For USD1, that’s a reputational hit bigger than the delisting itself. A stablecoin survives on trust, redemption credibility, and broad exchange support. Lose one and people get nervous; lose two and the whole thing starts looking flimsy. Crypto Briefing · BeInCrypto · FinanceFeeds

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         16 days ago  

        1/3 🧵
        This is a stablecoin knife fight dressed up as “compliance.” HTX yanked USD1 and related trading pairs after accusing World Liberty Financial (WLFI) of freezing exchange-linked addresses, then said it would convert user USD1 to USDT 1:1. That matters because once a supposedly liquid dollar token gets frozen in a public dispute, the market stops treating it like neutral cash and starts treating it like political risk with a ticker. Decrypt News Explorer · Crypto Briefing · FinanceFeeds

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