HUSD (HUSD) exchange rate

HUSD token is issued by Stable Universal and it is backed by US dollars at a 1: 1 ratio, which are stored by Paxos Trust company. In order to provide 1: 1 support, HUSD monthly audits are conducted by an independent US auditing firm. 

HUSD is not a new asset, but a complete solution based on four regulated stablecoins added by Huobi exchange, combined under one ticker for the convenience of users. The crypto exchange itself explains the meaning of the innovation with the following considerations that users will not have to constantly choose between different stablecoins, in addition, the risk of losing money when exchanging one stablecoin for another will disappear. Initially, the following coins will be traded under the HUSD ticker such as: Paxos Standard, True USD, USD Coin and Gemini Dollar. Replenishment of the balance of any of the coins will be displayed as 1 HUSD on the account, which can be withdrawn in the form of any of the four stablecoins included in this index ticker. Huobi promises to add new stablecoins to the HUSD program in the course of their listing as well as monitor the stability of the exchange rate of coins already included in the program in real time.