HUSD is a stablecoin developed by companies including Huobi, Paxos Global and FTX. HUSD Coin is designed to be more secure, liquid and highly available, combining the stability of the US dollar with the efficiency of blockchain technology. Detailed information about what is HUSD coin and how does it work, how to buy, HUSD coin reviews, etc. is located in the continuation of the content. You can browse here for information about Sushiswap (SUSHI).
What is the HUSD coin and how does it work?
As blockchains and crypto currencies became more widespread, the number of people who wanted to access these investment tools increased, and new ways had to be found for liquidity flow to exchanges. Although there were various solutions within the country in the first place, the traditional financial market solutions were not sufficient for such a global market.
The solution to this liquidity problem again came from the blockchain. In return, cryptocurrencies with a one-to-one US dollar reserve began to replace fiat currencies on exchanges. HUSD, on the other hand, is a product of the trend of crypto money exchanges to create their own stable crypto money solutions. HUSD is an ERC20 cryptocurrency running on the Ethereum network, of which the creator of PAX, Paxos Global, is the main developer of Huobi.
The HUSD Token is generated by Stable Universal and backed by a 1:1 ratio of dollars held in a US trust company. Leading American audit firm Withum conducts monthly HUSD Token audit in accordance with US regulations. HUSD; It was developed by companies including Huobi, Paxos Global and FTX.
So how much is the HUSD coin? As of 22.06.2021, the value of 1 HUSD coin is at the level of $ 1.001. The total supply of the HUSD coin in the market is 632,333,840 HUSD.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency