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Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token

Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token

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Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token

by admin
August 19, 2022
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Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token

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 “we are aware of the current liquidity issues associated with the HUSD stablecoin.” Market data shows HUSD slid to a low of $0.827 per unit on Thursday.

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