HUSD company info

What does HUSD do?
HUSD (CRYPTO:HUSD) is a USD-pegged stablecoin issued by Stable Universal Limited, a company based in Hong Kong. HUSD is backed by a basket of fiat currencies and other assets, and is designed to provide a stable and reliable store of value. HUSD operates on the Ethereum blockchain, and is ERC-20 compliant. This means that HUSD can be used with any Ethereum wallet or exchange that supports ERC-20 tokens. HUSD is minted and burned by Stable Universal Limited. To mint HUSD, Stable Universal Limited deposits USD and other assets into a collateralized vault. To burn HUSD, Stable Universal Limited withdraws USD and other assets from the collateralized vault. HUSD finds utility across diverse sectors, serving as a means for cryptocurrency payments, enabling DeFi engagement in lending and yield farming, and facilitating cost-effective international remittances. This multifaceted usage underscores HUSD's versatility and the convenience it offers to users in various financial and commercial domains. The objective of HUSD is to provide a stable and reliable store of value that is easy to use and accessible to everyone. HUSD is designed to be a safe and secure way to hold and transfer USD value, and to facilitate the adoption of cryptocurrency and DeFi.
HUSD company media