{"id":579154,"date":"2022-10-31T09:06:43","date_gmt":"2022-10-31T09:06:43","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=579154"},"modified":"2022-10-31T09:07:55","modified_gmt":"2022-10-31T09:07:55","slug":"husd-depegs-following-huobis-decision-to-promote-justin-trons-usdd","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/husd-depegs-following-huobis-decision-to-promote-justin-trons-usdd\/","title":{"rendered":"HUSD Depegs Following Huobi’s Decision To Promote Justin Tron’s USDD"},"content":{"rendered":"\n
Huobi’s native stablecoin HUSD has plunged to new lows. According to Wu blockchain, the exchange’s stablecoin has depegged from its dollar parity and is down 60%, trading at $0.2971 <\/p>\n\n\n\n
HUSD Depegs Again <\/strong><\/p>\n\n\n\n After Huobi announced its decision to delist HUSD, the exchange’s stablecoin plunged to new lows, trading 60% below its price value. Huobi later announced that it would help its users convert their HUSD funds into USDT, one of the largest stablecoins by market cap.<\/p>\n\n\n\n