IOST Blockchain Will Support Stablecoin HUSD to Boom DeFi Ecosystem

This article was first published on Stories by IOS Foundation on Medium
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China,Beijing, Jan. 13, 2021, IOST is thrilled to announce our plan to support HUSD- a U.S. dollar-pegged stablecoin by Stable Universal Limited. Notably, IOST is the first batch of public blockchains to support HUSD & the second blockchain outside Ethereum to complete the technnical deployment of HUSD.

This significant milestone powers IOST towards building influence through our robust and thriving DeFi portfolio.

To celebrate the launch of HUSD, IOST & HUSD team will distribute 35,000 HUSD to our IOST holders with details to be released soon. Turn on your notification and watch out for our next announcement!

About HUSD Stablecoin

Issued by the technology firm Stable Universal, HUSD is a safe and secure stablecoin pegged 1:1 to the U.S. dollar. Combining the stability of the U.S. dollar with the efficiency of blockchain technology, HUSD offers IOST users access to a safe, secure, and convenient asset for remittance, commerce, payments, trading, DeFi and more.

The integration of HUSD on the IOST blockchain is at its last stage of completion and once deployed, users can register accounts in Stable Universal, deposit US dollars, and obtain HUSD on IOST chain at a ratio of 1:1 through cross-chain tools. Users will soon be able to withdraw and deposit IRC-21 based HUSD on centralized exchanges.

Terry Wang, CTO & Co-founder of IOST highlights:

“Stablecoin is a key to unlock a plethora of opportunities in DeFi- IOST’s area of focus & growth in 2020 & this 2021. IOST’s innovative & developer-friendly technology which enables high scalability, fast transaction speed and zero transaction fees make it a perfect choice for both DeFi developers and users. We are thrilled to explore the unlimited opportunities that arisen from this collaboration with stable universal and more partners to continue making IOST a home for DeFi.”

Frank Zhang, CEO of ...

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Stories by IOS Foundation on Medium

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