Cryptocurrency exchange Huobi on Thursday announced the launch of the second version of its tool for exchange tablconv. As before, it allows you to exchange four stablon (PAX, TUSD, USDC and GUSD) at HUSD, which is itself steilcoom is not and cannot be withdrawn from the stock exchange.
HUSD V2.0 is available in experimental mode and has an important difference from the previous version. So, in HUSD V2.0 was abolished, a fixed exchange rate (1:1). Now stabilini exchanged at the market rate in US dollars, which is determined in accordance with FIATA-pairs of the largest cryptocurrency exchanges.
In this regard, the exchange tablconv is no longer done automatically, users are prompted to select the exchange time and the amount of the transaction.
For example, if the user swaps 1 000 PAX for HUSD at the rate of PAX/HUSD in 0,9998, he gets 999,8 HUSD and not 1 000, as before. In the same way the exchange works in the opposite direction.
While the upgrade is in January 24, Huobi will suspend the ability of the I/o tablconv. In test mode HUSD V2.0 will run from 25 January to 25 February. At this time the exchange is ready to accept user feedback regarding the functioning of the updated tool.
Recently it became known that in the first half of the year, Huobi is planning to release its own stablemen.
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