Tag: HUSD

Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last…

According to CoinMarketCap, HUSD stablecoin has fallen massively from its $1 peg, dropping to a low of $0.32 following delisting from crypto exchange Huobi on Friday last week.

HUSD has lost almost 70% of its valuation since Huobi stopped supporting trades for the token last week.

The price of the HUSD stablecoin, which lost its peg before the weekend, has now plummeted to just a third of its targeted value. The post HUSD stablecoin sharply loses…

After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with tether tokens, the stablecoin asset has dropped significantly in value sliding to…

According to a statement from Huobi Global, trading in its HUSD stablecoin will cease and the token will be delisted on Friday. Following the delisting, Huobi users’ HUSD holdings will…

On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022.

The latest decision comes two months after HUSD lost its dollar-peg and tanked nearly 8% in August 2022.

Huobi has been closely linked with the relatively minor HUSD stablecoin since its launch in 2018.

Huobi will delist HUSD on Oct. 28 and convert users’ HUSD holdings to Tether (USDT). The post Crypto exchange Huobi to delist HUSD stablecoin appeared first on The Block.