The stablecoin HUSD, which Huobi plays an active role in marketing, tumbled 82% after Huobi announced that it would delist it.
Huobi’s October 27 After announcing on its official website that it will stop HUSD services and remove it completely from the list on October 4, the stablecoin will be launched. 82% depreciating 0.28 fell to the dollar.
Stable Universal HUSD, issued by September per month 4% depreciating 1 dollar had deviated from its steady state.
The exchange’s decision to delist HUSD, known as the founder of TRON Justin Sun’s Awarded after Huobi was promoted to one of his senior positions. Justin Sun’s trading volume in HUSD own stablecoin To shift to USDD allegedly made this decision.
Users holding HUSD in their Huobi account from the fall of HUSD not affected. Because the stock market announced that the HUSD balances in the users’ accounts at the time of the announcement were made. 1:1 rate Tether (USDT) announced that it would be replaced.
HUSD, 1 billion dollars with a massive drop from the highest market value in its history $68.6 million landed. on the other hand 24 hour trading volume if with $1.22 billion 2021 It’s pretty close to its previous record.
Huobi, HUSD 2018 Since its launch in 2017, HUSD has took an active part in its marketing.