HUSD is a secure, dollar-backed stablecoin issued on the Ethereum blockchain, designed to reduce volatility in crypto trading by maintaining a 1:1 peg with USD. More
| Fully Diluted Valuation | $6.19M |
|---|---|
| 24H Trading Volume | $55 |
| 24H Low / High | $0.03 / $ 0.03 |
| Circulating Supply | 187.82M |
| Total Supply | 187.82M |
| Max Supply | ∞ |
| Categories | Stablecoins 6 more |
|---|---|
| Founder | Frank Zhang |
| Website | stcoins.com |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 4 more |
| Explorer | Dex 7 more |
| Contracts |
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4 more
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| Name | Pair | OG Score |
|---|
HUSD is a fiat-backed stablecoin built to combine the stability of the US dollar with blockchain technology. Issued as an ERC-20 token on the Ethereum blockchain, HUSD provides a simple way for crypto traders to minimize volatility by holding a stable asset directly on-chain. Each HUSD token is pegged to the US dollar at a 1:1 ratio and backed by reserves held by Paxos Trust Company, ensuring reliability and oversight.
How Does HUSD Work?
When users deposit USD, HUSD tokens are issued and held in a secure reserve by Paxos. Conversely, when tokens are redeemed, they are converted back to USD, maintaining the 1:1 peg. HUSD’s reliance on Ethereum also ensures compatibility with other Ethereum-based applications, making it a versatile stablecoin for the broader crypto ecosystem.
Who Created HUSD?
HUSD was developed by Stable Universal in partnership with Huobi Global, a well-known exchange, to offer traders a stablecoin solution. Founded by Frank Zhang, Stable Universal has focused on making HUSD a secure, transparent, and accessible stablecoin for crypto users worldwide.
What Makes HUSD Unique?
HUSD is distinct for its integration with both Paxos Trust’s regulatory oversight and Huobi Global’s trading platform, making it a reliable stablecoin option. It offers transparent audits to verify reserves, and its use of Ethereum’s ERC-20 standard allows users to hold, trade, and redeem the token across various platforms.
Where Can You Buy HUSD?
HUSD can be purchased on popular exchanges like Huobi Global, Gate.io, and MDEX. After signing up and verifying your identity on one of these platforms, you can deposit USD and buy HUSD tokens. HUSD’s straightforward issuance and redemption processes make it convenient for crypto investors to use as a stable asset in the market.
HUSD stands out for its 1:1 USD backing by Paxos Trust, providing secure and reliable stability for crypto traders. Its ERC-20 compatibility allows seamless integration with Ethereum applications, and it features monthly audits to verify reserves, ensuring full transparency for users.
HUSD was founded by Frank Zhang, CEO of Stable Universal, with a team that includes Claude Gu and Shi Deng, all of whom bring extensive experience in finance, compliance, and digital media.
HUSD is backed by Paxos Trust Company, which safeguards its USD reserves and provides regulatory oversight to ensure security and compliance.
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