|Total Value Locked||24H|
HUSD is a stablecoin whose value is pegged on a 1:1 basis with the United States Dollars. HUSD is built as an ERC-20 token and is interoperable with other related tokens on the Ethereum Network and other platforms and exchanges. HUSD is issued by Stable Universal, a strategic partner of Huobi Global, the cryptocurrency exchange it is associated with. The physical funds that HUSD tokens are backed up with are held in regulated Trust Companies. According to Huobi Global, neither Stable Universal nor its affiliates have access to the customer’s deposited funds. The token is reportedly audited by independent audit firms that publish their reports that can be accessed publicly on stcoins.com. The audit occurs monthly and it seeks to ensure that the 1 to 1 peg formula is adhered to. The HUSD token has a robust ecosystem and besides exchanges such as Huobi Global, a number of ERC-20 compatible wallets and payment solutions such as Huobi Wallet also offer support for the stablecoin.
HUSD can be acquired on cryptocurrency exchanges such as Huobi and transferred to any ERC-20 compatible wallet. It can be stored, traded, or used to make purchases on platforms that support HUSD.