Breaking News
Huobi Global Announces HUSD Stablecoin Delisting
Huobi Global has officially announced the delisting of HUSD, a USD-pegged stablecoin, effective October 28. The exchange will automatically convert users' HUSD holdings to Tether (USDT) at a 1:1 ratio, with completion expected by November 4.
Key details:
- Delisting timeline: Begins October 28 at 08:00 UTC
- Service discontinuation: All HUSD deposits/withdrawals will stop
- Order cancellation: All pending HUSD-related orders will be canceled
"This decision aligns with our commitment to fostering a healthy blockchain ecosystem," stated Huobi Global, referencing Section 11 of their Token Management Rules.
Market Snapshot (Live Data via OKX)
| Coin | Current Price | 24H Change |
|---|---|---|
| BTC | $19,195.10 | -0.21% |
| ETH | $1,310.27 | -0.46% |
| BNB | $268.30 | -1.31% |
| SOL | $28.04 | +0.18% |
| DOGE | $0.059 | +0.13% |
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Crypto Education: DApp Fundamentals
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| Feature | Traditional Apps | DApps |
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| Architecture | Central servers | Blockchain-based |
| Data storage | Company-controlled | Encrypted on-chain |
| Modification | Developer-controlled | Immutable once deployed |
Key advantage: DApps eliminate single points of failure while preserving user data sovereignty.
FAQ: Stablecoin Delisting Concerns
Q: Why is Huobi delisting HUSD?
A: The exchange cites ecosystem health improvements without specifying exact reasons.
Q: Will my HUSD lose value after conversion?
A: No - the 1:1 USDT conversion preserves dollar-equivalent value.
Q: How long will the asset conversion take?
A: Huobi estimates completion by November 4 for all accounts.
Q: Can I withdraw HUSD after October 28?
A: No - all HUSD transactions will be disabled post-delisting.
Q: Are other exchanges likely to follow Huobi's move?
A: Market observers suggest this may reflect broader stablecoin reevaluation.
👉 Learn more about stablecoin regulations
Disclaimer: This content provides market information only, not financial advice. Cryptocurrency investments carry substantial risk - please conduct thorough research before participating.
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