On August 18th, popular crypto exchange Huobi’s stablecoin temporarily lost its USD depeg. HUSD traded at $0.82 for a few hours, before recovering its dollar value. Huobi announced that the depeg was caused by a short-term liquidity problem, and since has been resolved completely. Although the depeg only lasted for about 24 hours, the HUSD … Why did HUSD dip below $1? Huobi provides explanation Read More »
