Huobi explains what went wrong with HUSD after stablecoin is back on track
The HUSD team explained that the depeg was caused as they closed market maker accounts in some regions to comply with regulations. After recovering the HUSD stablecoin’s dollar peg, crypto exchange Huobi explained what had caused the short-term liquidity problem and assured users that it had been resolved. On Thursday, HUSD started to fall from…
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