Huobi Global Provides Post-Mortem on HUSD Depeg

Huobi Global Provides Post-Mortem on HUSD Depeg

Regulations
August 22, 2022 by secret
272
[ad_1] Key Takeaways Huobi Global has now resumed HUSD trading; the stablecoin had lost its peg for 12 hours. Stable Universal indicated it had shut down the accounts of several market makers in specific regions to comply with legal requirements, causing a short-term liquidity crisis. The team did not indicate whether the “legal requirements” were