Despite Liquidity Problems, HUSD Stablecoin Returns to $1 Peg
The HUSD team said that the de-peg happened because a market maker account was closed, which made it hard to get money. Stable Universal’s HUSD stablecoin, which dropped by 8% on Thursday, is now back to being worth $1. Friday, HUSD said in a tweet that the drop in value was due to the closing […]
Huobi Co-Founder Is Set To Sell Majority Stake
Leon Li who is the co-founder of Huobi is said to have told other investors in the company about his decision at a shareholders’ meeting in July. Leon Li, who helped start the global cryptocurrency exchange Huobi, is reportedly in talks to sell most of his shares in the company, which could be worth more […]
Crypto trading platform, Huobi receives licenses in Dubai and New Zealand
Huobi has received licenses in New Zealand and the United Arab Emirates, to provide regulated crypto trading services. Huobi Group was granted an Innovation License by the Dubai International Financial Centre (DIFC) on Friday, making it the company’s first license in the DIFC. Huobi Group chief finance officer Lily Zhang said on Monday that the […]
Huobi reportedly plans crypto ETF launch in Hong Kong
Huobi technologies a subsidiary of Huobi Global is proposing to develop an exchange-traded fund (ETF) that will track popular cryptocurrencies in Hong Kong. Huobi has written to the Securities and Futures Commission (SFC) in Hong Kong , stating that the ETF will be structured in such a way that it will be accessible to retail […]
Huobi reveals plan for investors in China after stopping crypto trade
“Customers will be able to transfer their assets to other exchanges or wallets over the next few months. Specific measures and operating rules will be outlined in future announcements,” says Huobi Group co-founder Du Jun. As indigenous crypto exchanges like Huobi take aggressive measures to secure and repay existing money residents on the mainland, the […]