Huobi Global Welcomes HUSD Stablecoin

by in Cryptocurrency News

Huobi Global Welcomes HUSD

Singapore-based exchange firm Huobi Global told that now HUSD Stablecoin trading is on their platform. The news became known on September 25. Additionally, Huobi Global informed that the HUSD stablecoin would trade against VeChain (VET) and (Bytom) BTM in the spot market.

HUSD is a stablecoin backed by US dollar. It was created in July 2019 by Stable Universal company. Since then, many digital assets have used the stablecoin for numerous services like trading to payments and DeFi applications.

Recently, Huobi has been on a roll. It has greatly expanded its services over the market. This month, the platform launched trading of Bitcoin Options. Huobi’s BTC option is a derivative product that enables users to trade BTC at a pre-agreed cost and time. Call options allow users to buy the asset at a fixed price on the expiry date, while put options allow options buyer to sell a specified amount of an underlying asset at a fixed price on the expiry day.

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With the launch of the HUSD stablecoin and other changes, Huboi is improving its position in crypto exchanges.