What Is HUSD (HUSD)?

HUSD is a secure, reliable, and fiat-collateralized stablecoin that combines the stability of the US dollar with the efficiency of blockchain technology. It aims to reduce volatility in the cryptocurrency market and simplify interactions with global markets. HUSD was created by Stable Universal to provide price stability and attract a serious crypto trading audience.

The project was announced in 2019 and released in compliance with US legal requirements. HUSD is an ERC-20 token on the Ethereum blockchain and is backed 1:1 by US dollars held in US bank accounts. The token is held in reserve by the Paxos Trust Company, with regular audits conducted to ensure transparency and compliance.

HUSD is listed on the Huobi Global exchange platform and can be converted to other stablecoins. It offers a secure and interoperable solution for traders and exchanges, with integration into Ethereum-based applications.

Who Are the Founders of HUSD?

The founders of HUSD are Frank Zhang, the CEO of Stable Universal, Claude Gu, the Senior Overseas Operations Manager, and Shi Deng, the BSA Officer and Compliance Director.

What Makes HUSD (HUSD) Unique?

HUSD aims to provide a secure and interoperable dollar-pegged stablecoin. It was designed to combine multiple stablecoins into one universal token. HUSD is backed by Paxos Trust Company, integrated with Huobi Global, and offers a convenient login and redemption process.

How Many HUSD (HUSD) Coins Are There in Circulation?

As of June 2021, there are 555,449,408 HUSD tokens in circulation, with the same amount issued. The total supply is backed by fiat currency held in the Paxos reserve. Tokens are issued and destroyed by Stable Universal based on user deposits and redemptions.

How Is the HUSD Network Secured?

HUSD is built on the Ethereum network and follows ERC-20 smart contracts. Transactions are secured by the decentralized and tested blockchain network. SlowMist audits and secures the platform, and KYC and AML regulations are followed.

Where Can You Buy HUSD (HUSD)?

HUSD can be purchased on crypto exchange platforms such as Huobi Global, Gate.io, MDEX, Hotbit, Pionex, Hoo, 0x Protocol, Tokenlon, NUT MONEY, and BHEX (BlueHelix Exchange).