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Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89
28.10.2022
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. Furthermore, users with HUSD held on the exchange will see their balances auto-converted to the stablecoin...
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
18.8.2022
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 Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said...
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
14.8.2022
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports...