24 Jan cryptocurrency exchange Huobi will launch the second version of the tool for exchange of tablconv HUSD. During the upgrade the site is temporarily suspended I/o tablconv, said in an official statement.
In the new version HUSD eliminated the fixed exchange rate (1:1) and the automation of this procedure. Now stabilini exchanged at the market rate in U.S. dollars in accordance with FIATA-pairs of the largest cryptocurrency exchanges. The exchange time and volume of transactions determine the users themselves.
So if the user swaps 1 000 PAX for HUSD at the rate of PAX/HUSD in 0,9998, he gets 999,8 HUSD, not 1000 as before. In the same way the exchange works in the opposite direction.
Work HUSD V2.0 in the test mode will continue until February 25. During this time, the exchange will analyze the user feedback on the functionality of the upgraded tool.
Note that HUSD allows you to exchange stabilini PAX, TUSD, USDC and GUSD, with the tool steilcoom is not and cannot be withdrawn from the stock exchange.
We will remind, earlier in January Huobi announced plans to launch its own stablon.
Source
