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2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion…
Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last…
On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022.…
This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia.…
Huobi Global and Stable Universal have released statements explaining the reasons behind HUSDs 12-hour depeg. Liquidity Crisis Huobi Global has provided a short post-mortem on the HUSD stablecoin depeg. The...
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…
The HUSD stablecoin currently trades at around $0.88 after losing parity to the dollar late Wednesday afternoon. HUSD in Peril Another stablecoin has broken its dollar peg. HUSD, a dollar-backed...