HUSD: Celebrating the 1st Year Anniversary of the Safe and Secure Stablecoin
A Letter from the HUSD Team:
July 20th marks the one year anniversary of HUSD’s initial launch in 2019, and what has been a fulfilling journey as our team devoted its efforts to developing a trusted, stable, and convenient tool for users to participate in the cryptocurrency market. And there is no one we would rather share this special day with than our customers, supporters, and partners that have been with us along this journey.
As of today, we are excited to announce that HUSD has cumulatively issued $1.6 Billion HUSD in less than a year. HUSD is currently available on 19 markets and trading at a market cap of $117 Million. With the phenomenal support from our ecosystem (including wallets, exchanges, DeFi projects, and OTCs), HUSD has become one of the largest emerging stablecoins in the market today.
So how did we achieve all that in one year? On our first anniversary, we wanted to share with you the major milestones that marked a successful launch year:
July 20, 2019 — Official launch of HUSD by the issuer, Stable Universal
July 20, 2019 — HUSD listed by one of the largest global exchanges, Huobi Global, and supported by Huobi Wallet
Sep. 2019 — Huobi Global added support for HUSD deposit/redemption
Oct. 2019 — Huobi Global added support for 1:1 conversion between HUSD and PAX
Nov. 2019 — Alchemy and SWFT added support for HUSD
Dec. 2019 — HUSD’s market cap surpassed $100 Million
Dec. 2019 — FTX added support for HUSD
Jan. 2020 — Paxos added support for HUSD
Feb. 2020 — BitHD and Bitpie added support for HUSD
Mar. 2020 — HUSD’s market cap surpassed $150 Million
Mar. 2020 — imToken, Tokenlon, Math Wallet, and ColdLar added support for HUSD
Apr. 2020 — HBTC, Hotbit, Huobi Argentina, and Huobi Indonesia added support for HUSD
May 2020: dForce Swap, Youhodler, Amber Group, and Bidali added support for HUSD
Jun. 2020: TokenPocket and Bitcratic added support for HUSD
July 2020: The cumulative issuance of HUSD has surpassed $1.6 Billion
HUSD’s eventful year was paved by the hard work and entrepreneurial spirit of our technology, operations, and customer service team. We have been hustling hard to bring more stable, secure and convenient products to this thriving market, and it’s only the beginning!
So, What’s Next For HUSD?
You may have heard of the Decentralized Finance (DeFi) movement, one of the fastest growing blockchain sectors that leverage decentralized technology to transform traditional financial products into a globally accessible, permission-less, and transparent financial system. It is one of the hottest topics in crypto, and we have already seen it gain huge momentum in 2020. As our team shares in the mission to make finance globally accessible and transparent, we are actively considering new ways to involve HUSD in the future of DeFi.
HUSD has already been made available on a number of DeFi platforms including Tokenlon, dForce swap, and Uniswap. Oracles like Nest and Chainlink will soon begin to support HUSD pricing information. We have also begun conversations with the leading DeFi community, MakerDAO, to support HUSD as one of its collateral assets.
And as HUSD is a stablecoin based on the ERC-20 protocol, we are eagerly watching for further developments of ETH 2.0, as well as other smart contract platforms. These innovations are what’s securing blockchain and crypto’s place in the financial sector and will lead the way to more applications and use cases for blockchain technology. Through the mutual integration and complementation of centralized and decentralized services, we expect the benefits of blockchain will become more apparent and accessible to more people around the world.
The future of blockchain is exciting, and the crypto industry at large is still young and evolving. The next 10 years is when we expect to see a new form of financial system emerge on top of blockchain technology, and we envision HUSD to act as the trusted gateway to that market. There are so many possibilities in the horizon, and we are more than honored to be sharing in this journey with you.
July 20, 2020
About Stable Universal
Stable Universal Limited is a technology startup venture that offers the U.S. dollar-backed stablecoin HUSD Token (HUSD). Combining the features of the US dollar with the efficiency of block chain technology, HUSD is backed in a 1:1 ratio to the US dollar held in a U.S trust company. An independent U.S audit firm conducts monthly attestations of the HUSD Token, and the attestation report is available for public viewing on our website: stcoins.com.
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Official Website: https://www.stcoins.com/