Over 100 million USDT secured on the new-coin collateral platform has been frozen on a large scale. The NewCoin platform probably can’t escape disaster this time.
Just now, the NewCoin platform’s official account released a notice: it has stopped USDT spot collateral operations and will switch to USDD collateral. The USDT that a large number of platform users have placed with the NewCoin platform has encountered a freeze. According to the platform’s announcement, even if the freeze is not lifted, the platform will return the collateral amount as stablecoins over 12 months—returning customers 10% of the collateral on the 8th of each month.
Just now, the NewCoin platform’s official account released a notice: it has stopped USDT spot collateral operations and will switch to USDD collateral. The USDT that a large number of platform users have placed with the NewCoin platform has encountered a freeze. According to the platform’s announcement, even if the freeze is not lifted, the platform will return the collateral amount as stablecoins over 12 months—returning customers 10% of the collateral on the 8th of each month.
