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.
We are aware of the current liquidity issues associated with the HUSD stablecoin, which is issued by Stable Universal Limited and built on the Ethereum network.
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.