Huobi backs new stablecoin under Paxos custody, eyeing Tether
Huobi Capital-backed Stable Universe is launching a reiteration of Huobi's stablecoin HUSD to be traded on Huobi Global. The stablecoin will be custodied by New York Department of Financial Services approved Paxos ($PAX). Stable Universe and Huobi Global hope to bite into Tether's ($USDT) market dominance.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Mentioned Assets