HUOBI IS LAUNCHING A NEW VERSION OF HUSD V2.0 STABLECOIN EXCHANGE TOOL
This Thursday, Cryptocurrency exchange Huobi announced the launch of the second version of its tool for the exchange of stablecoin. As before, it allows you to exchange four stablecoins (PAX, TUSD, USDC and GUSD) to HUSD – which in itself is not a stablecoin and cannot be withdrawn from the exchange.
HUSD V2.0 is available in experimental mode and has an important difference from the previous version. So, in HUSD V2.0 fixed exchange rate was eliminated (1:1). Now stablecoins are exchanged at the market rate in US dollars, which is determined in accordance with the Fiat-cryptocurrency pairs of the largest exchanges.
In this regard, the exchange of stablecoins is no longer carried out automatically – users are invited to choose the time of exchange and the volume of the transaction.
For example, if the user swaps 1 000 PAX for HUSD at the rate of PAX/HUSD in 0,9998, he gets 999,8 HUSD and not 1 000, as before. In the same way, the exchange works in the opposite direction.