HTX Deploys $100M USDT Rescue Package After $19B Crypto Market Carnage
Crypto exchange HTX drops nine-figure lifeline to traders reeling from massive market bloodbath.
The Bailout Blueprint
HTX unleashes $100 million in USDT directly into user wallets—a strategic move following the sector's staggering $19 billion evaporation. No complex claims process, no withdrawal restrictions. Just pure capital injection targeting active traders caught in the crossfire.
Market Mechanics in Motion
This isn't charity—it's calculated crisis management. By flooding the ecosystem with stablecoin liquidity, HTX aims to jumpstart trading activity while positioning itself as the industry's white knight. The timing? Impeccable. The message? We've got your back when traditional finance would be filing paperwork.
Because nothing says 'we care' like strategically deployed digital currency after a financial massacre—Wall Street could never.
Binance announces $400M Together Initiative
HTX’s announcement comes less than a week after Binance announced a $400 million support package under the “Together Initiative,” which also takes a similar route in offering targeted relief to both retail and institutional users affected by the market crash.
Of the total amount, $300 million has been set aside in token vouchers for retail traders whose liquidation losses on October 10 and 11 exceeded $50 and accounted for at least 30% of their total account value.
The remaining $100 million will be distributed as low-interest loans to institutional clients impacted during the liquidation event.
