We are excited to announce that HUSD is now supported as an available asset on Nexo (https://nexo.io/), the world’s leading institution for digital assets. From now on, users can earn compounding interest on their HUSD holdings through the platform, as well as withdraw HUSD-collateralized fiat loans.
Issued by FinTech company Stable Universal Limited, HUSD is an ERC-20 token pegged 1:1 to U.S. Dollars. Combining the stability of the U.S. dollar with the efficiency of blockchain technology, HUSD is designed to be safe, secure and convenient.
Each HUSD issued is backed by corresponding U.S. Dollars held in a U.S. trust company. Users can find HUSD’s monthly audit reports and other professional data by visiting the HUSD Data Center page: https://www.stcoins.com/data
What Sets HUSD Apart in the Stablecoin Market?
As a new ERC-20 stablecoin introduced in 2019, HUSD has gained remarkable traction in establishing its place as one of the top stablecoins in the market. Recently, HUSD announced that it has surpassed the 2 Billion cumulative issuance milestone only 13 months following its launch in 2019. HUSD is currently supported by more than 20 exchanges and swap platforms, with the most significant growth on digital asset exchanges and DeFi markets.
As our team focuses on developing the three pillars of transparency, security, and stability that make HUSD one of the most trusted stablecoins in the market, we are grateful for the support from exchanges, wallets, and service providers like Nexo that join the HUSD ecosystem. It is ultimately the community’s support that pave the way for HUSD to becoming more widely available and accepted.
2020 has been an exciting year for stablecoins and the crypto industry at large, and both the HUSD and Nexo teams are leading the way to delivering products and solutions that make the blockchain market more readily accessible to everyone.
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: https://stcoins.com
Nexo is the world’s leading regulated financial institution for digital assets. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products, ‘Send & Pay’, and sophisticated trading and OTC capabilities, while providing top-tier custodial insurance and military-grade security of the Nexo Wallet. Nexo has processed $3+ billion for 800,000+ users across more than 200 jurisdictions.
Official website: https://nexo.io