Huione, a Telegram-based illicit marketplace that offers personal data and money laundering services has rolled out its own stablecoin, according to report by blockchain security firm Elliptic. The stablecoin (USDH) was created to “avoid the common freezing and transfer restrictions of traditional digital currencies.” The Huione website adds that “USDH is not restricted by traditional... The post Company Behind Illicit $24B Telegram Marketplaces…

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Company Behind Illicit $24B Telegram Marketplaces Launches Stablecoin

The post Largest ‘illicit online marketplace’ has grown 51% in 6 months: Elliptic appeared first on Daily Truth Report • DailyTruthReport.com.

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Largest ‘illicit online marketplace’ has grown 51% in 6 months: Elliptic

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Huione Guarantee, a Telegram marketplace that facilitates “pig butchering” and other scams, recently launched several crypto products, including a stablecoin

Huione Guarantee, a gray market researchers believe is central to the online scam ecosystem, now includes a messaging app, stablecoin, and crypto exchange—while facilitating $24 billion in transactions.

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The ‘Largest Illicit Online Marketplace’ Ever Is Growing at an Alarming Rate, Report Says

The world’s largest illicit online marketplace keeps growing following the launch of its own crypto products, according to Elliptic.

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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…

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Shadowy marketplace Huione launches USDH stablecoin to evade scrutiny

A cryptocurrency scam marketplace known as Huione is experiencing rapid growth after the introduction of its stablecoin. This particular platform has seen a significant increase in activity and adoption since the stablecoin was launched. Stablecoins are a type of cryptocurrency that are pegged to a stable asset, such as the US Dollar. They aim to reduce the volatility commonly found in traditional cryptocurrencies like Bitcoin and Ethereum. Huio…

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Elliptic Reports 51% Growth of Largest Illicit Online Marketplace in 6 Months

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 $2…

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Huione, a notorious Chinese-language marketplace linked to illicit goods and services, launched its own stablecoin, USDH, and an independent chat service in a bid to reduce reliance on third-party platforms like Telegram and Tether. According to blockchain security firm Elliptic, the marketplace hosted $24 billion in transactions tied to money laundering, fraud, personal data sales, and so-called “pig butchering” scams. Huione’s stablecoin seeks…

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Huione Launches Its Own Stablecoin And Chat Service To Evade Scrutiny - FinanceFeeds

The post Huione, company behind largest illicit online marketplace, launches stablecoin: report appeared on BitcoinEthereumNews.com. Huione Group, a Cambodian conglomerate linked to the largest illicit online marketplace, has launched its own stablecoin, USDH. The news comes via an Elliptic report and comes despite ongoing scrutiny of its subsidiary, Huione Guarantee, a Telegram-based platform serving cybercriminals in Southeast Asia Elliptic’s …

Company Behind Illicit $24B Telegram Marketplaces Launches Stablecoin

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