Did HUSD abruptly deviate from the USD one peg, questioning the “rug pull” venture?
This afternoon, HUSD, the stablecoin issued by Stable Universal, abruptly diverged from the one USD anchor, what took place? Did HUSD abruptly deviate from the...
This afternoon, HUSD, the stablecoin issued by Stable Universal, abruptly diverged from the one USD anchor, what took place?
Stable Universal issued stablecoin abruptly deviated from the USD one peg and is trading all around the mark 0.92 USDTo comply with CoinMarketCap. The Depeg concern happens right after sixteen days from the FTX cryptocurrency exchange remove HUSD from its supporting stablecoin basket.
#PeckShieldAlert Stablecoin $ HUSD to .9 $ USDC pic.twitter.com/DtsJRw9D1E
– PeckShieldAlert (@PeckShieldAlert) August 18, 2022
However, the motive for the accident is nonetheless unknown and the venture side has not created any statements. Many consumers expressed their regret for the silence of broadcaster HUSD.
Oh shit, nonetheless no official statement on HUSD depeg da @Stablecoin_HUSD the final tweet was a month in the past … shit … is this a rug pull occasion? pic.twitter.com/MsoS059BWF
– Mr. Kazoo Bitcoin (not a Bitcoin Maximista) (@MrKazooBitcoin) August 18, 2022
“Oh shit, so far I haven’t received any official statement from HUSD on the de-ped issue yet, the last tweet of the project was a month ago, this project was’ rug ‘-pull’ okay?”
Faced with widespread indignation, Huobi reassured consumers:
#Huobi has normally prioritized the security of our clients’ assets and will do the job with the issuer of HUSD to uncover a alternative and restore stability as quickly as probable.
– Huobi (@HuobiInternational) August 18, 2022
“#Huobi always prioritize the safety of customers’ assets and will work with broadcaster HUSD to find a solution and restore the problem as soon as possible. “
HUSD can be traded on a 1: 1 basis against USD. A year ago, HUSD already public The asset attestation report confirms that all issued tokens are backed by USD and held with cash in the account. As of this writing, HUSD has a market cap of $ 149.5 million.
A stablecoin is a cryptocurrency designed to hold value with another asset. But since the collapse of the Earth ecosystem, the stablecoin array has always been closely followed by governments around the world.
Synthetic currency 68
Maybe you are interested:
More From Crypto News
Why Is Jupiter (JUP) Price Down Today? Key Factors
Jupiter (JUP), the leading decentralized exchange aggregator on Solana, is trading lower on October 30, 2026, extending a pullback that reflects a combination o...
Binance Hack Drained Wallets Backing Customer Assets, Reserve Data Shows
Wallets used to back Binance customer assets were drained during a hack, according to reserve data that surfaced the breach.
Polymarket Pauses Trading After $2.65M Exploit
Polymarket halted trading on October 29, 2026 after a reported $2.65 million exploit, with the prediction market platform attributing the incident to a compromi...
Why Is Algorand (ALGO) Price Down Today? Key Factors
Algorand (ALGO) is trading at $0.099536 on October 29, 2026, down 3.88% over the past 24 hours, slipping below the psychologically significant $0.10 level as se...
South Korean Regulators Inspect Bithumb After Employee Data Exposure Signs
Bithumb disclosed signs pointing to a possible exposure of employee data, prompting regulators to move to direct on-site review, per CryptoSlate reporting .
Sports Made Up 98.2% of Polymarket US Turnover in 30 Days: DeFi Rate
Sports contracts accounted for 98. 2% of Polymarket US turnover over a 30-day window, according to DeFi Rate.
