Singapore crypto currency exchange Huobi will allow users to easily switch between hosted stablename through HUSD.
This week, the largest cryptocurrency exchange Huobi has announced the listing of four stabilio and announced an innovative solution, which allows traders to easily convert between a Standard Paxos (PAX), True USD (TUSD), Gemini Dollar (GUSD) and USD Coin (USDC).
The crypto currency exchange has released its own stablein HUSD, which is a kind of aggregator for all four coins. When purchasing stabilio, scriptactive will be automatically converted in HUSD for storage on a user’s account. Output in any of the 4 stabilio will be no additional fee.
HUSD will trade against other cryptocurrencies, from controversial USDT to BTC and ETH. Huobi also promises that in the future the system will cover the HUDS and other viable stabilini:
“We will closely monitor the emergence of new stabilio on the market and continue to work on optimizing standards HUSD”
Huobi is the third largest cryptocurrency exchange in the world: at the time of writing, the volume of daily trading amounted to approximately $ 359 million.
Last month, Huobi has taken another step towards consolidation in the Asian market by buying a controlling stake was approved by the government of Japan cryptocurrency exchanges BitTrade. The company also released a beta version of Huobi Chat, social network for the crypto community: investors, developers, and consumers.