IOST in the First Batch of Blockchains to Support HUSD Stablecoin.

charlielee
2022-10-27 09:48:13
PRESS RELEASE. IOST, an enterprise-grade, decentralized, and ultra-fast network oiled with the Proof-of Believability consensus algorithm, is integrating the HUSD stablecoin, according to an announcement on 13 Jan 2021.

HUSD is a safe and secure dollar-pegged stablecoin issued by Stable Universal Limited. Notably, IOST is the first batch of Public Blockchains to support HUSD. To celebrate this milestone, the two companies are giving away 35k HUSD exclusively for IOST users.

The announcement highlights HUSD’s integration as a significant milestone for IOST to build its growing influence in the DeFi scene.

About HUSD Stablecoin

Issued by fintech company Stable Universal, HUSD is a safe and secure stablecoin pegged 1:1 to the U.S. dollar. Combining the stability of the U.S. dollar with the efficiency of blockchain technology, HUSD offers IOST users access to a safe, secure, and convenient asset for remittance, commerce, payments, trading, and many other use cases.

The integration of HUSD on the IOST blockchain is at its last stage of completion. Once completed, IOST users will be able to deposit U.S. dollars in their account and receive HUSD at a 1:1 ratio sent to their preferred crypto wallets. Source Link
dianasmith
2022-10-27 09:51:44

According to data available on theblockcrypto.com, the total supply of stablecoins has exceeded $50 billion. Do you think there is an expectation of a bull scenario with this money? Or will there be a bear season that will facilitate the transition to cash? What do you think about the issue, in which direction will 50 billion dollars change the market?