• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, May 20, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Delisted stablecoin HUSD’s price is dwindling 

by Indrajeet Giram
November 1, 2022
in Crypto, Innovations, Markets, News, World
Reading Time: 2 mins read
0
Delisted stablecoin HUSD’s price is dwindling 

Delisted stablecoin HUSD’s price is dwindling 

TwitterWhatsappLinkedin

As per the last 24 hour’s market reports, the price of HUSD the stablecoin of Huobi has been cut down to $0.3 From its pegged value of one dollar. This price fall of the stablecoin is considered its lowest price since its inception and market acceptance in 2019. Some analysts predict this situation as the proximity of terra currency fall this year in May, but the underlined results of the stablecoin future will be visible with time and the next market conditions.

You might also like

Sesame Street Finds a New Home on Netflix with Fresh Episodes, Classic Content, and More

Sony Cracks Down on Russian PlayStation Accounts Amid Attempts to Bypass Regional Restrictions

Lufthansa Flight Flies Unattended for 10 Minutes After Copilot Collapses Mid-Flight

Delisted stablecoin HUSD’s price is dwindling 
source : businesstoday.in

 

What is HUSD?

HUSD was the stablecoin introduced by the cryptocurrency exchange platform Huobi in 2019. The platform introduced this stable coin after collaborating with two companies, the Stable Universal and the Paxos Trust Company. The stablecoin was made with the Ethereum blockchain technology as its core technology aligning with the fiat currency collation mechanism.

Why the HUSD was delisted?

The Huobi announced to delisting of the stablecoin from its platform and allowed its users to convert the stablecoin to the other preferred options like Tether (USDT), this delisting news impacted HUSD’s price very sharply from its delisting price of $0.98 last week. 

How stablecoins are pegged?

The stablecoins like the HUSD are applied to fiat currencies like the US dollar or the Euro or in some other condition with precious metals like the metals. The stablecoins are pegged in a proportion of 1:1 ratio, which accounts for one stablecoin and will be considered equivalent to one dollar of pegged value as the promissory option. In this manner, each HUSD is considered to be backed by the financial liability of the issuing company and the exchange by one dollar.

What is the future of HUSD after delisting?

The delisting of the stablecoin will help the stablecoin founding team to work on the future aspects and the growth aspects of the stablecoin by working on the long-term roadmap for the stablecoin. The stablecoin core team will be working on the future technological parameters for the long-term fortune. The team will also work on core principles of stablecoin for foundation building with which the stablecoin will be able to resist the market shocks and falls like the terra-luna fall this year in may.

What is the difference between the terra luna and HUSD price falls?

The stablecoin terra encouraged the fall due to the sudden high selling pressure situations in the market after the news speculations and the huge amount of transactions in the market. This resulted in a death squirrel crash of stablecoin terra. This will not be the case will the HUSD as the liquidity issues of the HUSD can be saved and managed by the company, as per the company records.

Tags: # USD Stablecoin#Huobi#Luna's_Funds#terraform#Terraform LabsHuobi GlobalHUSDStablecoin
Tweet54SendShare15
Previous Post

Twitter is planning to start charging $20 per month for verification

Next Post

Crypto miner Argo’s shares plunged after fundraising failed

Indrajeet Giram

📚 Avid reader 🔋constant learner curious analyzer @ everything 📝Business & Economic Journalist ✍️

Recommended For You

Sesame Street Finds a New Home on Netflix with Fresh Episodes, Classic Content, and More

by Harikrishnan A
May 19, 2025
0
Sesame Street Finds a New Home on Netflix with Fresh Episodes, Classic Content, and More

A fresh chapter is about to begin for Sesame Street, the iconic children’s program that has helped generations of kids learn their ABCs and 123s. Netflix has officially...

Read more

Sony Cracks Down on Russian PlayStation Accounts Amid Attempts to Bypass Regional Restrictions

by Harikrishnan A
May 19, 2025
0
Sony Cracks Down on Russian PlayStation Accounts Amid Attempts to Bypass Regional Restrictions

Sony has recently launched a large-scale suspension of PlayStation accounts linked to Russian users, catching thousands of gamers off-guard and sparking outrage across online communities. But this crackdown...

Read more

Lufthansa Flight Flies Unattended for 10 Minutes After Copilot Collapses Mid-Flight

by Harikrishnan A
May 19, 2025
0
Lufthansa Flight Flies Unattended for 10 Minutes After Copilot Collapses Mid-Flight

What began as a routine Lufthansa flight from Frankfurt to Seville in February 2024 quickly turned into a tense and unusual situation in the skies, as a medical...

Read more
Next Post
Crypto miner Argo’s shares plunged after fundraising failed

Crypto miner Argo’s shares plunged after fundraising failed

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?