Huobi Explains Why It’s Stablecoin HUSD Depegged From Its $1 Value

Huobi team has tweeted the reason explaining why its stablecoin HUSD briefly lost its peg to the US dollar  Per the tweet, HUSD has regained its lost peg to the US dollar within 12 hours.  The HUSD team took to Twitter to share an update on the latest HUSD de-peg predicament, further stating that the stablecoin has finally regained its former momentum back and has re-pegged back to its initial $1 value.