Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, ...
Tag: HUSD
HUSD Stablecoin Drops 56% From Dollar Peg Following Huobi Delisting
Fresh data according to CoinMarketCap shows that HUSD stablecoin has fallen massively from its $1 peg, dropping to a low of $0.32 following delisting from crypto exchange Huobi on Friday last week. At...
Another stablecoin is struggling to maintain parity with U.S Dollar HUSD continues to trade below $1
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HUSD ‘Stablecoin’ Plunges to $0.3 Following Huobi Delisting
Huobi’s native stablecoin – HUSD – lost its parity with the American dollar and tumbled by nearly 70% after the exchange delisted the asset last week. At one point, its valuation dropped to $0.28, the...
HUSD loses $1-peg amid reports of Tron’s Justin Sun taking over Huobi Global
Days after Huobi Global announced the delisting of HUSD from its platform, the stablecoin has seen a decline in its price, leading to a significant slip in its $1 parity. HUSD tanks by 23% in a day D...
Stablecoin HUSD Continues to Trade Below $1 Parity as Token Taps an All-Time Low at $0.72 – Bitcoin News
After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with tether tokens, the stablecoin asset has dropped significantly in value slidin...
Crypto Exchange Huobi Delisting HUSD; Facilitating Fiat Currency Purchases
Huobi Global recently brought into the news when the well known crypto exchange is reported to shut down the operations for a stablecoin. The crypto asset is embattling HUSD stablecoin which is closel...
Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89 – Altcoins Bitcoin News
On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022. Furthermo...
Huobi Delists Its HUSD, Will Convert Stablecoin to USDT – crypto.news
Huobi Global will delist the virtual asset HUSD and is planning to convert the assets to USDT. HUSD in Another Headline The native stablecoin of Houbi Global, HUSD, will be delisted and will convert a...
Huobi Announces Global Delisting of Native Stablecoin HUSD
Seychelles-based crypto exchange Huobi will no longer support trades for its native stablecoin, HUSD. Users with funds stored in that token will have their assets auto-converted into USDT – the world’...
aUSD & HUSD Depeg, Do Kwon Speaks,…
All the attention is on Ethereum right now due to its upcoming Merge upgrade. Certain platforms like Coinbase have even started preparing for it. Let’s find out more. Bitcoin On Friday, Bitcoin exper...
Why did HUSD dip below $1? Huobi provides explanation
On August 18th, popular crypto exchange Huobi’s stablecoin temporarily lost its USD depeg. HUSD traded at $0.82 for a few hours, before recovering its dollar value. Huobi announced that the depeg was ...
Huobi’s HUSD Curve Asset Ratio Skewed; On the Road to Complete Decoupling? – crypto.news
In a year that has seen bear market slams and the collapse of certain coins, another one seems to be collapsing. Stablecoin HUSD, supported by global cryptocurrency exchange Huobi Global, commenced de...
Huobi explains what went wrong with HUSD after stablecoin is back on track
After recovering the HUSD stablecoin’s dollar peg, crypto exchange Huobi explained what had caused the short-term liquidity problem and assured users that it had been resolved. On Thursday, HUSD star...
Huobi Breaks Down the HUSD Depeg Timeline
The Seychelles-based cryptocurrency exchange Huobi has provided a timeline explaining its actions during HUSD’s de-pegging event on Thursday. The exchange confirmed that the problem began with the st...
Huobi Global Provides Post-Mortem on HUSD Depeg
Key Takeaways Huobi Global has now resumed HUSD trading; the stablecoin had lost its peg for 12 hours. Stable Universal indicated it had shut down the accounts of several market makers in specific reg...
Huobi’s HUSD Becomes Latest Stablecoin To Lose Dollar Peg
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 become the latest asse...
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token – Coinotizia
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 following day on Thu...
Huobi exited HUSD stablecoin deal before token depegged below $0.8
Huobi’s HUSD is the latest stablecoin to risk further de-pegging as it is currently trading below $0.8. The exchange, however, exited its stake in the stablecoin in April. According to coingecko, HUSD...
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token – Bitcoin News
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 following day on Thu...
Dollar-Backed HUSD Stablecoin Plummets From Peg
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HUSD Stablecoin Loses Dollar Peg, Huobi Supposedly Jumped Ship in April
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 abandone...
Huobi Stablecoin HUSD De-pegged From The USD
HUSD depegged from USD Huobi’s HUSD becomes the latest stablecoin to de-peg. It appears that the era of troubles for stablecoins is yet to be over, even as the crypto market embarks on the path to r...