Crypto Platform Huobi Launches ‘All-In-One’ Stablecoin Amid Tether Fears-5.22

In the midst of the Tether/Bitfinex debacle, Huobi, a world-renowned crypto platform, has unexpectedly made a move to revolutionize how stablecoins — crypto assets tied to the value of a relatively stable asset — work in this emerging market.

On Friday morning, the crypto platform, which is headquartered in Singapore, released an announcement titled “Announcement on the Launch of HUSD solution on Huobi Global” on its official ZenDesk page. According to the post, HUSD, as this “all-in-one” solution has been dubbed” will be Huobi’s very own cryptocurrency that is tied to every popular stablecoin (except for Tether/USDT that is).

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