dollar depeg 768x403 1 HUSD Stablecoin Loses Peg, Plummets In Value

HUSD Stablecoin Loses Peg, Plummets In Value

-HUSD has depegged from the dollar and currently trades at around $0.88.
-The event comes in the wake of news that Sam Bankman-Fried and Justin Sun were revealed to be in talks to purchase large stakes in Huobi Global.
-While Huobi Global does not explicitly issue HUSD, Huobi Capital invested in HUSD issuer Stable Universal in 2019.

 

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