Cryptocurrency News

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

08/20/2022

Less than a minute

2022.08.20 03:21

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

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.

08/20/2022

Less than a minute

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