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NEW YORK, November 27, 2018 / PRNewswire / – At the Stablecoin New York conference on November 26, Joshua Goodbody, Legal Director of Huobi's Global Institutional Team, spoke about the role Stablecoins play in the digital badet market, how they form a fundamental bridge between the world of fiat and the world of cryptocurrencies and their functioning as a frictionless reserve of Fiat's value.
It is for all these reasons that Huobi has recently launched HUSD, its complete stablecoin solution, which includes Paxos Standard Token (PAX), True USD (TUSD), USD Coin (USDC) and Gemini Dollar (GUSD). "We believe that recent developments in stablecoins are positive for the industry and Huobi has decided to proactively support these developments by launching HUSD," said Goodbody. "HUSD acts as a stable currency aggregator." We offer the ability to file one of the four supported parts in the form of HUSD and receive a 1: 1 balance of HUSDs that can be stored and exchanged for six. Users can also withdraw HUSD as one of the four applicable stablec amounts. "
Among other benefits, HUSD allows users to reduce risk and reduce conversion costs.
Since its launch, HUSD has proven to be popular among users. Goodbody adds, "Product flexibility is a key factor for us because we are committed to improving our customers 'business experiences, and we have been overwhelmed by our customers' reaction to HUSD, which reinforces our belief that stablecoins are a stabilizing factor in the market. "
Stablecoin New York was organized by BECON, which is dedicated to promoting blockchain technology and education.
More information here: https://thefutureof.finance/
About Huobi:
Consisting of ten companies upstream and downstream, the Huobi Group is the first blockchain company in the world. Established in 2013, Huobi Group's cumulative business figure exceeds the United States. $ 1 trillion. It proudly provides secure and convenient cryptocurrency trading and badet management services to millions of users in more than 130 countries.
For any request, please contact:
Jiayi Li, +6592295769, [email protected]
Photo – https://photos.prnasia.com/prnh/20181127/2310075-1
SOURCE Huobi
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