Huobi Stablecoin HUSD Regains Dollar Peg After Tumbling Roughly 10%
A “short-term liquidity problem” led to the instability of Huobi’s dollar-backed stablecoin, says its issuer.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Deel Takes Its DLUSD Stablecoin Wallet to More Than 80 Countries
Deel said on Aug. 17 that its DLUSD stablecoin wallet is live in more than 80 countries, 11 weeks after a launch limited to Argent...
Aerodrome Slipstream leads euro stablecoin trading with nearly $10B in monthly volume
Aerodrome's dominance in euro stablecoin trading highlights the growing importance of regulatory compliance and concentrated liqui...
Europe’s stablecoin debate centers on fungibility issue
The fungibility debate in Europe's stablecoin regulation could redefine digital currency flow, impacting liquidity and consumer pr...
Aave TVL still down 43% since KelpDAO hack
Aave, one of crypto’s largest lending and borrowing protocols, still hasn’t recovered from the April 18 hack of KelpDAO. Indeed, t...
HashKey taps Hong Kong’s first regulated stablecoin for settlements
The adoption of regulated stablecoins in Hong Kong could revolutionize financial transactions, enhancing efficiency and fostering...
Visa seeks new partner for stablecoin settlement after Mastercard snags BVNK
Visa's search for a new stablecoin partner highlights the intensifying competition in real-time payments, impacting global financi...