Crypto exchange Huobi has just announced it has made the decision to stop supporting the stablecoin HUSD.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
According to the company's website:
"As part of our continuous efforts to promote the healthy development of the blockchain ecosystem, Huobi Global will be ceasing the HUSD trading service and delisting HUSD."
The decision will take effect today, October 28. The tokens will be automatically converted to Tether's stablecoin USDT at a 1:1 ratio.
The price of HUSD fell to 92 cents in August due to liquidity issues.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange