Dollar-Backed HUSD Stablecoin Plummets From Peg
Huobi said it is “aware of the current liquidity issues associated with the HUSD stablecoin.”
Huobi Exchange’s HUSD Stablecoin Loses Its Peg To The US Dollar
Stable Universal’s HUSD stablecoin has lost its peg to the US dollar The stablecoin was earlier launched in 2018, in collaboration with the Huobi crypto exchange Huobi Bitcoin exchange’s stablecoin…
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the…
Cash-Backed HUSD Stablecoin Loses Peg, Drops to $0.92
The stablecoin is trading as low as $0.89 against USDC on Curve Finance.
HUSD stablecoin loses US dollar peg, drops to $0.90 as liquidity shrinks
The fiat-backed HUSD stablecoin has lost its peg to the US dollar and is becoming an increasingly illiquid token on Curve. The post HUSD stablecoin loses US dollar peg, drops…
Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing
The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept…
Huobi-Branded HUSD Reveals Breakdown of Reserves: All Held in Cash
The reserves backing HUSD, the eighth-largest stablecoin by market cap, are all held in cash in money market accounts in the United States, the token’s issuer, Stable Universal, told CoinDesk.…
