(Redirected from HUSD)
|Total supply||87,094,416 HUSD|
"HUSD is an ERC-20 token that is 1:1 ratio pegged with USD. It was issued by Stable Universal, an entity that claims to follow US regulations."
- Has completely lost its peg and dropped to 0.3$ (31-10-2022).
- The stablecoin asset has dropped significantly in value sliding to a low of $0.72 per unit (30-10-2022):
"Two days ago, Bitcoin.com News reported on Huobi Global announcing that it would delist HUSD, a stablecoin asset issued by Stable Universal. While Huobi and the stablecoin shared the same name, and Huobi introduced HUSD on Oct. 19, 2018, the exchange disassociated itself from the stablecoin token this year.
HUSD depegged earlier this year, when it dropped to a low of $0.82 per HUSD on Aug. 18. HUSD also slipped below the $1 parity on Oct. 11 and again on Oct. 28. HUSD tapped an all-time low on Oct. 29, roughly 24 hours ago when it reached $0.725 per unit on Saturday. When the stablecoin slipped below the $1 peg in August, Huobi addressed the problem via Twitter.
“We are aware of the current liquidity issues associated with the HUSD stablecoin, which is issued by Stable Universal Limited and built on the Ethereum network,” Huobi tweeted on Aug. 18. Furthermore, at that time, HUSD’s official Twitter account tweeted about closing several market maker accounts."
- According to their website (20-4-2020):
"Leading American audit firm Withum conducts a monthly audit of HUSD Token in compliance with United States regulations."
Pros and Cons
Team, investors, Partnerships, etc.
- From their website (20-4-2020):