HUSD is a stablecoin that is referencing (pegged to) the U.S. dollar. HUSD is classified as a centralized stablecoin, backed by U.S. dollars in a 1:1 ratio
HUSD
HUSD is a stablecoin that is referencing (pegged to) the U.S. dollar. HUSD is classified as a centralized stablecoin, backed by U.S. dollars in a 1:1 ratio
At the end of October, Huobi announced the exclusion of the HUSD stablecoin from its listing, after which the stablecoin quickly began to lose its peg to the dollar. The exchange's headquarters will also be relocated to the Bahamas.
The FTX crisis, like the fall of Terra, affected a lot of crypto projects, against this background, HUSD and USDD stablecoins lost their binding to the dollar.
The FTX crisis, like the fall of Terra, affected a lot of crypto projects, against this background, HUSD and USDD stablecoins lost their binding to the dollar.
At the end of October, Huobi announced the exclusion of the HUSD stablecoin from its listing, after which the stablecoin quickly began to lose its peg to the dollar. The exchange's headquarters will also be relocated to the Bahamas.
