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HUSD Conversion Calculator
HUSD To USD
What is HUSD?
HUSD is a stablecoin pegged 1:1 to the US Dollar, launched by Huobi Global in October of2018. It was developed to be a universal stable coin to provide maximum stability and is issued as an ERC-20 token on the Ethereum blockchain.
A stable coin is a digital asset that is collateralized against a real-world value, like a fiat currency or commodity in order to hedge the risk of downward volatility, which is a feature of many cryptocurrencies like Bitcoin or Ethereum. This price volatility can hinder mainstream adoption. As a result, businesses do not want to entertain that level of risk in executing transactions in cryptocurrencies.
Huobi’s HUSD supports four existing stable coins, Paxos Standard, Gemini Dollar, USD Coin, and True USD. It aggregates these coins into a singular token to ensure efficiency and convenience for its users and allows them to make deposits and withdrawals in any of the supported stable coins.
As an integrated solution directed at multiple stable coins HUSD aims to save costs when switching between stable coins and eliminate the need to choose between stable coins. If a deposit is made of any of the stable coins, it automatically converts to HUSD. Users can then withdraw their HUSD as any of four supported stable coins. For example, a deposit of one Paxos Standard Token will show as one HUSD in your account. You can then choose to withdraw your one HUSD as a Paxos Standard token, Gemini Dollar, USDC, or True USD.
There is no cap on how many HUSD that Stable Universal can generate. These tokens are only created when dollars are deposited. When the token is redeemed for cash, the token is destroyed. This stabilizes the price because the number of tokens in circulation will always equal the number of dollars in reserve.
HUSD Market Price Ticker Chart
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HUSD Frequenty Asked Questions
Where does HUSD (HUSD) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, HUSD currently ranks in position 82 out of the top 1000 cryptocurrencies. Another important factor in popularity is HUSD‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. HUSD has a market cap of $ 645,458,393, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 863,000,916,449, Litecoin at $ 10,876,419,890, Ethereum at $ 168,324,083,686, Tether at $ 34,994,435,416, and XRP at $ 20,945,052,853.
What is the price of HUSD (HUSD) today (updated in realtime)?
The current price of HUSD is $ 1.00 in USD. (The price in Euros is 0,824965 €; and the price in Bitcoin is Ƀ 0.00002100 BTC.)
How has HUSD (HUSD) performed recently?
HUSD‘s price has decreased in the last 24 hours by -0.11%. The change in price over the last seven days was 0.70%. The trading volume over the last 24 hours was $ 387,527,091. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is HUSD‘s (HUSD) market supply?
The total circulating (available) supply of HUSD is 644,847,009 HUSD. The total supply of HUSD is 644,847,009 HUSD.
What is the 24 hour volume for HUSD (HUSD)?
The 24 hour volume of HUSD is $ 387,527,091.
What is HUSD (HUSD) official website?
HUSD‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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