To meet your different trading needs on stablecoins, Huobi Global now launches an all-in-one solution which is called HUSD.
Introduction of HUSD:
HUSD is an integrated solution targeting at the multiple stablecoins on Huobi Global, it helps the users:
- Make investment decisions among multiple stablecoins;
- Save costs when trading stablecoins.
When you deposit any kind of stablecoins, they will be shown as HUSD in your account. You may withdraw any kind of stablecoin; when the balance amount of a certain stablecoin is not sufficient in your account, you may choose any other stablecoin with enough balance amount to withdraw.
For example, when you deposit 1 PAX, it will show as 1 HUSD in your account, and you can withdraw 1 TUSD (not considering transaction fees on the blockchain).
Currently, the HUSD solution supports four kinds of stablecoin: Paxos Standard(PAX)，True USD(TUSD)，USD Coin(USDC) and Gemini Dollars(GUSD). We will keep a close watch on new stablecoins that appear on the market and keep optimizing the HUSD standards. We welcome more stablecoins to be integrated into the HUSD system. Meanwhile, we will evaluate the existing HUSD stablecoins on a real time basis, the stablecoin which doesn’t meet the corresponding risk control standard will be cut off from the HUSD system.
The launch schedule:
- The deposit service of PAX, TUSD, USDC and GUSD will be started at 16:00, October 19 (GMT+8 ) .
- The USDT/HUSD trading pair will be listed at 10:00 AM, October 22 (GMT+8) on Huobi Global.
- The transaction services of HUSD between Huobi OTC and Huobi Global will be started at 10:00 AM, October 22 (GMT+8), and the trading services of HUSD on Huobi OTC will be started at 10:00, October 23 (GMT+8).
- The BTC/HUSD trading pair will be listed at 18:00, Oct. 22 (GMT+8), and the ETH/HUSD trading pair will be listed as situation may require.
- The trading services of USDT/HUSD, and the deposit and withdrawal services of HUSD will be available in the next App version.
- The withdrawal services of the stablecoins will be started on Huobi Global at 18:00, Oct. 29 (GMT+8), you may withdraw any stablecoin among PAX, TUSD, USDC and GUSD. The specific time and date will be noticed via announcement.
Upholding the principle of "user first", Huobi Global spares no effort to promote the blockchain industry, and we greatly appreciate your support all the time. And we look forward to your valuable suggestions!
October 19, 2018