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Currently trading at $ 0.0374 , which has not changed over the last 24 hours . Market capitalization is $8.3M . Circulating supply: 222,593,861 HUSD.
| Date | Price | % Change |
|---|---|---|
| Now | $ 0.0374 | - |
| 1 Hour | $ 0.0374 | 0% |
| 1 day | $ 0.0374 | 0% |
| 7 days | $ 0.0374 | 0% |
| 30 days | $ 0.0353 | -5.75% |
| 60 days | $ 0.0347 | -7.31% |
| 90 days | $ 0.0373 | -0.26% |
| Rank | #1247 |
| Price | $0.04 |
| Market Cap | $8.3M |
| Trading Volume (24h) | - |
HUSD is ranked #1247 based on its market cap of $8,333,369.00. HUSD is trading at $0.04 where the total trading volume in the last 24h was $0.00.
HUSD is a stablecoin that is designed to be pegged to the US dollar. It was launched in 2018 by a company called Stable Universal Limited, which is based in Hong Kong. HUSD is an ERC-20 token, which means that it is built on the Ethereum blockchain.
The goal of HUSD is to provide users with a stable and reliable cryptocurrency that can be used for a wide range of purposes. Because the value of HUSD is pegged to the US dollar, it is less volatile than other cryptocurrencies like Bitcoin or Ethereum. This stability makes HUSD an attractive option for users who are looking for a more predictable cryptocurrency.
To ensure that the value of HUSD is always in line with the value of the US dollar, Stable Universal Limited maintains a reserve of US dollars that is equal to the number of HUSD tokens in circulation. This means that users can always redeem their HUSD tokens for US dollars at a one-to-one ratio.
One of the main advantages of HUSD is its versatility. Because HUSD is a stablecoin, it can be used for a wide range of purposes, including sending money internationally, making purchases online, and trading on cryptocurrency exchanges. Additionally, because HUSD is built on the Ethereum blockchain, it can be easily traded on a wide range of cryptocurrency exchanges.
Another advantage of HUSD is its transparency. Because HUSD is built on the Ethereum blockchain, all transactions are recorded on a public ledger that can be accessed by anyone. This means that users can easily verify that the amount of HUSD they are holding is backed by an equal amount of US dollars.
However, it is important to note that investing in HUSD is not without risk. While HUSD is designed to be stable, its value can still fluctuate based on a wide range of factors. Additionally, because stablecoins are a relatively new asset class, there is still a degree of uncertainty around how they will perform over the long term.
In conclusion, HUSD is a stablecoin that is designed to be pegged to the US dollar. It offers users a stable and reliable cryptocurrency that can be used for a wide range of purposes. Because HUSD is built on the Ethereum blockchain, it is highly transparent and can be easily traded on a wide range of cryptocurrency exchanges. However, investing in HUSD is not without risk, and users should carefully consider their investment goals and risk tolerance before investing in this or any other cryptocurrency.
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