Huobi explains what went wrong with HUSD after stablecoin is back on track

Huobi explains what went wrong with HUSD after stablecoin is back on track

The HUSD team explained that the depeg was caused as they closed market maker accounts in some regions to comply with regulations. After recovering the HUSD stablecoin’s dollar peg, crypto exchange Huobi explained what had caused the short-term liquidity problem and assured users that it had been resolved. On Thursday, HUSD started to fall from its dollar value, trading at $0.92 at the start of the day and falling as low as $0.82 a few hours later. This alarmed community members, who speculated what mig happen if the stablecoin doesn’t recover its dollar peg. HUSD was once one of the....


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