Huione Group developed its own stablecoin, USDH, which FinCEN says is censorship-resistant and facilitates laundering by bypassing seizure controls.

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Earlier this year, Huione launched its own stablecoin to circumvent restrictions and asset seizures imposed by traditional regulatory agencies, blockchain analytics firm Elliptic said.
The conglomerate has also created a US dollar-pegged stablecoin, the US dollar Huione (USDH), which FinCEN said cannot be frozen and helps to carry out money laundering activities.