Huobi Bitcoin Exchange’s HUSD Stablecoin Loses Its Dollar Peg

[AJBot]

HUSD has become the latest stablecoin to lose its parity with the U.S. dollar, tumbling by as much as 14.7% on Thursday, according to data from CoinMarketCap. Issued by the Hong Kong-based Stable Universal, HUSD is an ERC-20 token on the Ethereum blockchain marketed as a “safe and secure stablecoin” that combines the stability of the U.S. dollar with the efficiency of blockchain technology. The depegging has resulted in HUSD’s liquidity on the Curve 3pool (3Crv) skewing, with the decentral ...

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