Justin Sun, the founder of Tron blockchain network, isn’t ruling out the possibility of one day acquiring Hong Kong-based crypto exchange Huobi Global and perhaps even bringing the exchange back to mainland China.
Still, even after China’s latest ban all but wiped out legitimate bitcoin mining in the country, Sun remains “optimistic” about cryptocurrency in China. Crypto, he said, is a “world trend” that cannot be isolated.
“That’s why China [will] definitely be one of the most stronger (sic) players in the blockchain industry,” Sun said, “even [if] we might have some setback or regulation hurdle in the short term. In the long term, I’m highly optimistic.”
While no formal plan exists, Sun said there is “definitely” a possibility Huobi would be “willing to expand the business in China” if the nation allows crypto trading again. The firm already has a footprint across Asia and, Sun said, may make its way to Europe and South America.
But in order for Huobi to compete on a global scale, Sun said the exchange needs traction on its U.S. dollar-backed stablecoin, HUSD. Sun said one of his focus areas will be making USDD, the algorithmic stablecoin he created, one of the “settlement stablecoins” on Huobi.
“In the next three months, we probably will list all the cryptocurrencies against USDD on Huobi,” Sun said.
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