HUSD Stablecoin verléiert Dollar Peg, Huobi soll am Abrëll sprangen

HUSD appears to be the next stablecoin that’s having serious difficulties in maintaining its dollar parity.

Huobi, the cryptocurrency exchange that seemingly backed the stablecoin, supposedly abandoned the project in April. However, they promise to help in handling the liquidity issues.

• HUSD becomes the latest stablecoin to lose its dollar parity, according to data from CoinMarketCap.

• As seen in the chart above, the cryptocurrency trades at around $0.89 – more than 10% below its intended fixed value of $1.
• It’s worth noting that HUSD was lancéiert by the popular cryptocurrency exchange Huobi back in 2018.
• However, in a statement in the platform’s official Telegram Group, a community manager claimed that Huobi had abandoned HUSD back in April.

• The company also took it to Twitter and erausginn a formal statement.

Mir sinn bewosst iwwer déi aktuell Liquiditéitsprobleemer verbonne mat der HUSD stablecoin, déi vun Stable Universal Limited erausginn ass an op dem Ethereum Netz gebaut gëtt.

Huobi has always prioritized the safety of our customers’ assets, and will work together with HUSD’s issuer to find a solution and restore its stability as soon as possible.