Stablecoin HUSD depegged to $0.30

FlavienOctober 31, 2022

Less than a minute

Another stablecoin loses its peg. After Huobi announced its decision to delist the HUSD stablecoin, it lost its peg down to $0.30. Users will see their funds in HUSD being converted to USDT at a 1:1 ratio. A shift has been seen at Huobi since Tron founder Justin Sun took a senior role at Huobi, pushing his own USDD stablecoin.

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Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.