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In October, Huobi announced the creation of what it calls a “stablecoin solution.” The project, known as HUSD, consists of Huobi’s own stablecoin asset which investors can use as a go-between to interact with four U.S. dollar-backed stablecoins currently listed on the exchange. HUSD will also be tradeable against other cryptocurrencies, beginning with controversial stablecoin Tether (), followed by Bitcoin () and Ethereum ().
