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Crypto exchange Huobi has just announced it has made the decision to stop supporting the stablecoin HUSD.
According to the company's website:
"As part of our continuous efforts to promote the healthy development of the blockchain ecosystem, HUOBI GLOBAL will be ceasing the HUSD trading service and delisting HUSD."
The decision will take effect today, October 28. The tokens will be automatically converted to Tether's stablecoin USDT at a 1:1 ratio.
The price of HUSD fell to 92 cents in August due to liquidity issues.
