Huione Pay Halts All Withdrawals Amid Liquidity Challenges

On December 1, 2025, Huione Group’s payment subsidiary, Huione Pay, halted all normal withdrawal operations in Cambodia amid regulatory pressures and user panic.

This suspension underlines vulnerabilities in crypto payment infrastructures during liquidity crises, influencing market dynamics in Southeast Asia and beyond.

Huione Withdrawal Suspension Sparks USDT Market Concerns

Withdrawal halts point to liquidity strains and heightened regulatory challenges. The company’s effort to control withdrawals highlights continued attempts to stabilize amid a turbulent crypto environment. According to a FinCEN Representative, U.S. Department of the Treasury, “The final rule severing Huione Group from the U.S. financial system is a necessary measure to prevent the laundering of large sums from cyber heists and crypto investment scams.”

Community reactions emphasize user frustration and panic, especially in regions heavily dependent on USDT transactions. The halt’s timing aligns with heightened regulatory action against related financial activities in the area. Learn more about the special measure imposed on Huione Group as a foreign financial institution of primary money laundering concern.

According to CoinMarketCap, Tether USDt (USDT) is currently valued at $1.00 with a market cap of $184.74 billion and a dominance of 5.82%. Recently, its 24-hour trading volume reached $125.63 billion, reflecting a 13.09% change. The price has seen a minor fluctuation over the last 90 days, remaining relatively stable.

Cambodia Faces Crypto Ecosystem Test

Did you know? Cambodia’s crypto ecosystem faces a significant test as Huione’s withdrawal suspension mirrors past global liquidity crises affecting user trust in similar financial networks.

Coincu experts anticipate potential regulatory measures taking effect, stressing scrutiny over platforms for financial misconduct. They predict operational shifts could arise from increased oversight, impacting not just Huione but the broader crypto landscape reliant on USDT.

According to CoinMarketCap, Tether USDt (USDT) is currently valued at $1.00 with a market cap of $184.74 billion and a dominance of 5.82%. Recently, its 24-hour trading volume reached $125.63 billion, reflecting a 13.09% change. The price has seen a minor fluctuation over the last 90 days, remaining relatively stable.