HUSD Stablecoin Returns to $1 Peg After Liquidity Problems

Stablecoins are cryptocurrencies that are designed to hold value against other assets, commonly fiat currencies like the dollar or euro. TerraUSD (UST), which was an algorithmic stablecoin with a market cap of $18.71 billion, collapsed earlier this year. HUSD is cash-backed, which means that every issued token is backed by a dollar in a bank.

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