Singapore cryptocurrency exchange Huobi has presented a solution of HUSD, which will give users the ability to conduct a mutual exchange of four tablconv: TUSD, USDC, GUSD and PAX – in response to the fluctuation of their market prices.
As explained by the head of the crypto currency exchange for operations Ms. Robin (Robin Zhu), all trading pairs tablconv will be presented by the Ticker HUSD. When the customer deposits into your account, for example, 10 PAX, it will enroll 10 HUSD, and for withdrawals it will be able to choose his preferred stablon. If the user requests from Huobi would not be sufficient funds, it will ask issuers to refill the pool.
At the same time to stablon USDT this tool will not be applied, and the bidding in a pair of HUSD/USDT on the site plan to launch on 22 October. According to Zhu, this is due to concerns about the cryptocurrency regulatory requirements. This mood is supported by the lack of reliable and regular reports on the provision of crypto-currencies in American dollars.
Deposits in PAX, TUSD, USDC and GUSD begins October 19, HUSD trades on Huobi OTC – from October 23, and the output tablconv – in one to two weeks. After market research Huobi Global can open trades in pairs BTC/HUSD and ETH/HUSD, and mobile application Huobi surgery in a couple USDT/HUSD, as well as deposits and withdrawals using the HUSD will be available in the next software version.
Recall that after the crypto currency exchange OKEx on adding support tablconv representatives Huobi Global announced two days ago. And although many critics argue that the weakest steilcoom at the moment is the USDT, it has defenders, for example, Ethereum co-founder Joseph Lubin (Lubin Joseph). He is confident that USDT is really backed by real dollars in the ratio 1: 1 and according to the Issuer token startup Tether.