Stablecoin HUSD has recovered its peg
Dear Huobi Global Users,
Regarding the liquidity issue that occurred to HUSD yesterday, Huobi Global would like to announce that this issue has been resolved, thanks to our active communication and coordination with Stable Universe Limited, the issuer of HUSD. We sincerely apologize for any inconvenience caused to you.
All of your HUSD assets can be exchanged for USDT, USDC, or any other tokens supported on Huobi Global. We will continue to work with Stable Universe Limited to guarantee ample liquidity.
Since our inception in 2013, Huobi Global has always placed utmost importance on the security of our users' assets. We firmly adhere to this principle when we handled this incident. We will continue to prioritize the security of our users' assets and we thank our users for their support and trust in us. Given the recent volatility in the cryptocurrency market, we advise our users to be aware of the potential risks involved in cryptocurrencies.
Huobi Global
August 19, 2022
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Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.
