As per reports, at Huobi:
👉All internal employee communication channels are closed
👉Employees are being laid off
👉Employees are now required to take their salaries in stablecoins
This resulted in $HT falling by 11% in last 24 hrs
#cryptonews: A Hong Kong official 🇭🇰 believes that a government-backed #stablecoin would serve as a better entry point to #Web3 compared to private stablecoins.