Huobi Stablecoin HUSD Regains Dollar Peg After Tumbling Roughly 10%
A “short-term liquidity problem” led to the instability of Huobi’s dollar-backed stablecoin, says its issuer.
HUSD
A “short-term liquidity problem” led to the instability of Huobi’s dollar-backed stablecoin, says its issuer.
HUSD lost its peg for about 12 hours; according to the team the incident was caused by a short-term liquidity crisis.
In the latest market updates, it is noted that the HUSD stablecoin has lost its Dollar peg, falling about 13% to a low of
In a year that has seen bear market slams and the collapse of certain coins, another one seems to be collapsing.
The stablecoin market looks like it is some way off from reaching stability, as the list of stablecoins losing their peg grows longer and longer. Huobi’s HUSD stablecoin has now…
Coinspeaker Huobi Comes Up with Explanation for Its HUSD Stablecoin Depeg
HUSD becomes the latest stablecoin to lose its dollar parity and face massive liquidity issues.
Celsius Network’s CEL token continues to experience heightened volatility, while Huobi Global’s HT falls on HUSD stablecoin depeg worries.
Huobi’s HUSD is the latest stablecoin to risk further de-pegging as it is currently trading below $0.8. The post Huobi exited HUSD stablecoin deal before token depegged below $0.8 appeared…
HUSD, a stablecoin that is supposed to hold parity with the U.S. dollar, fell almost 15% from its intended $1 peg.