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HUSD Stablecoin

Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89

Huobi Global to Delist HUSD — Stablecoin Slips Below  Parity to alt=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 asset tether and the exchange expects to complete the […]

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing

Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve BackingThe crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with USD. HUSD Monthly Attestations On Thursday, more than $117 billion […]

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces