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Justin Sun strengthens ties to Tether and Hong Kong

Sun has an interest in cleaning up Huobi’s reputation after the collapse of the exchange’s $1 HUSD stablecoin.

Huobi monetizes FTX collapse with opaque debt token

Justin Sun’s Huobi has announced it will list the FTX User Debt (FUD) token issued by the DebtDAO, though details are sparse.

With no recent capital injections or incentives for short-sellers, solving problems with USDD and USDJ doesn’t seem to be a priority for Sun.