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Source: Phongphan – Shutterstock According to the HUSD team, the closure of some market maker accounts in certain regions for regulatory reasons was the After recovering the HUSD stablecoin’s dollar peg, crypto exchange Huobi explained what had caused the short-term liquidity problem and assured users that it had been HUSD, a stablecoin that was formerly supported by Huobi, fell as low as $0.84. But as of late, the cryptocurrency platform said that its liquidity problem has been resolved. It should be “🟡 JUST IN: $HUSD liquidity issues resolved, Huobi affirms. HUSD, a stablecoin that was formerly supported by @HuobiGlobal, fell as low as $0.84. But as of HUSD, a stablecoin previously backed by Huobi, slumped to a low of $0. 84. Now, however, the crypto platform affirmed that its liquidity issue had been taken care of. HUSD liquidity issues resolved, Huobi affirms. By watcher.guru on Aug. HUSD, a stablecoin previously backed by Huobi, slumped to a low of $0.84. Now, however, the crypto The stablecoin issuer appears to have resolved the liquidity issues and the peg has been regained faster than expected. However, the events surrounding the Depeg are a mystery as Huobi Global's stablecoin HUSD lost its peg yesterday and fell as low as $0.84. But the platform recently announced to have resolved its liquidity problem. Thursday’s depegging of the HUSD stablecoin resulted in the skewing of HUSD’s liquidity on the Curve 3pool (3Crv). The decentralized exchange was quick to issue a
HUSD Liquidity Issues Resolved: Huobi Affirms Recovery After Depeg
🟡 JUST IN: Huobi has affirmed that liquidity issues surrounding HUSD, a stablecoin formerly supported by @HuobiGlobal, have been resolved. This announcement comes after HUSD, a stablecoin previously backed by Huobi, slumped to a low of $0.84, causing concern within the crypto community. However, the crypto platform now confirms its liquidity problem has been taken care of.
The stablecoin issuer appears to have resolved the liquidity issues and the peg has been regained faster than expected. The decentralized exchange was quick to issue a... (continued resolution statements).
Thursday’s depegging of the HUSD stablecoin resulted in the skewing of HUSD’s liquidity on the Curve 3pool (3Crv). Huobi explained what had caused the short-term liquidity problem and assured users that it had been addressed.
According to the HUSD team, the closure of some market maker accounts in certain regions for regulatory reasons was the initial trigger. Source: Phongphan – Shutterstock
While the events surrounding the initial depeg remain somewhat of a mystery, Huobi Global recently announced that it has resolved its liquidity problem and the HUSD peg has been regained. The quick response from Huobi indicates a commitment to restoring confidence in the stablecoin market.