Huobi Treasury Mints 4.2M HUSD in Honor of 4/20

Huobi Treasury Mints 4.2M HUSD in Honor of 4/20
фото показано с : beincrypto.com

2020-4-20 16:49

Huobi’s stablecoin has minted another 4,200,000 HUSD. Today also happens to be 4/20, which almost certainly cannot be a coincidence.

Huobi is issuing more and more of its stablecoin — and it just issued $4.2M in honor of today’s little ‘holiday.’

As Whale Alert (@whale_alert) reported, the stablecoin was issued earlier today.

Hsaka (@HsakaTrades) noticed the funny coincidence and many others decided to join in the joke.

4.2m mint on 4/20.

Neat. https://t.co/w6vselyQv4

— Hsaka (@HsakaTrades) April 20, 2020

Huobi’s stablecoin was relatively quiet for some time, but it once again began issuing fresh HUSD in February. However, the stablecoin is behind larger exchange-backed competitors like Binance USD (BUSD).

 

The March bloodbath has shaken up the market and some exchanges gained trading volume while others suffered. As BeInCrypto reported, Bitcoin futures markets saw a reshuffling of top exchanges. Binance now leads the market with the highest trading volume — with Huobi close behind.

The exchange has also been following Binance’s footsteps in helping coronavirus victims, as well. The exchange pledged 10 million yuan to help those affected by the virus. That’s around the same amount Binance also pledged.

Huobi has been trying to popularize more trading of its HUSD stablecoin, but adoption for it remains low. At the time of writing, Huobi USD boasts a market capitalization of $148M but a trading volume of just $20M. By comparison, Binance USD (BUSD) has a market capitalization of $203M and double the trading volume.

Maybe Huobi was looking to boost the profile of its stablecoin by joking around with 4/20. However, that’s not going to be enough to boost trading volume. Huobi will need to do much more if it wants HUSD to be a serious contender and, for now, its influence on the market remains marginal.

The post Huobi Treasury Mints 4.2M HUSD in Honor of 4/20 appeared first on BeInCrypto.

origin »

Huobi Token (HT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $2.4049
Капитализация $0 Rank 99999
Цена в час новости $ 3.8598 (-100%)

huobi stablecoin husd certainly issued cannot almost

Источник: beincrypto.com

huobi stablecoin → Результатов: 47


Фото:

Binance, Poloniex, Huobi All Own More Tether Than Bitfinex

Cryptocurrency exchange Bitfinex now controls a “very small amount” of stablecoin Tether (USDT), new data shows following a shake-up of ownership. Bitfinex Sixth-Largest USDT Holder Produced by Element Group and uploaded to Twitter by CNBC commentator Ran Neuner October 18, statistics depicting the biggest USDT holders reveal Bitfinex, which shares a CEO with Tether’s issuer, now only ranks sixth on the list.

2018-10-19 21:00


Huobi создала решение для автоматического переключения между стейблкоинами

Криптовалютная биржа Huobi внедрила новую технологию HUSD, которая поможет клиентам без необходимости выбора переключаться между стейблкоинами, которые имеются находятся в числе активов платформы.

2018-10-19 17:40


Биткоин-биржа Huobi представила инструмент для взаимного обмена стейблкоинов

Третья по объему торгов криптобиржа Huobi представила инновационное решение HUSD, позволяющее пользователю «переключаться» между различными стейблкоинами, представленными на торговой площадке. We are pleased to announce $HUSD, an innovative new stablecoin solution, exclusively available on Huobi Global.

2018-10-19 13:29


Фото:

Huobi Joins OKEx in Adding Four New Stablecoins

Huobi Global has announced its decision to list four USD-pegged stablecoins by the end of the week. In a support notice published on its platform, the company noted that users will be able to make deposits for Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) on its exchange starting from Friday, October 19, 2018 (GMT +8).

2018-10-17 21:15


Криптобиржа Huobi добавит поддержку четырех стейблкоинов

Криптовалютная биржа Huobi анонсировала листинг четырёх привязанных к доллару стейблкоинов — Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC) и Gemini Dollar (GUSD). Поддержка токенов, по данным представителей платформы, состоится в эту пятницу, 19 октября.

2018-10-16 14:26


Биткоин-биржа Huobi добавила поддержку четырех стейблкоинов

Четвертая по суточному объему торгов криптовалютная биржа Huobi добавила поддержку сразу четырех стейблкоинов: TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD) и Paxos Standard Token (PAX). $PAX, $TUSD, $USDC and $GUSD Will Be Listed on Huobi Global.

2018-10-16 13:28


Фото:

Binance, Huobi, OKEx, and Dunamu Come Together for $32 Million Stablecoin Project

Binance, Huobi, OKEx and Dunamu (the company behind Korean crypto exchange Upbit) have announced plans to partner on a  $32 million stablecoin project called ‘Terra.’ According to an August 28, 2018 report in Fortune, the purpose of Terra is to get skeptical consumers into the crypto space by offering them a digital asset that does not suffer from the legendary...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-8-30 21:00


Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

FET nears breakout: Could a 20-30% rally be next?

FET consolidates near $1.33 as traders eye a breakout above $1.38 resistance. On-chain activity surges, while technical indicators and liquidations suggest potential bullish momentum. ArtifiThe post FET nears breakout: Could a 20-30% rally be next? appeared first on AMBCrypto.

Hyperliquid reaps the benefit as Bitcoin, altcoins take a backseat

Hyperliquid, when stacked against its rivals, it stands out as the future of crypto fee generation. With its unique integration of spot & derivatives exchanges, Hyperliquid is truly settingThe post Hyperliquid reaps the benefit as Bitcoin, altcoins take a backseat appeared first on AMBCrypto.

Gate Token booms 23% in 7 days: Will GT hit new highs or correct to $13.9?

While GT’s price increased, its social metrics also improved.  Selling pressure on the token increased, which could cause a price correction soon.  Gate Token [GT] has showcased impeccabThe post Gate Token booms 23% in 7 days: Will GT hit new highs or correct to $13.9? appeared first on AMBCrypto.