HUSD is a stablecoin released on Ethereum as an ERC-20 token by Stable Universal and backed by USD 1:1, which is located on the accounts of the trust company.
To guarantee HUSD is fully backed by USD, an independent accountant company in the USA completes monthly HUSD audits to make sure all circulating HUSD tokens correlate with the amount of USD on the reserve U.S. bank accounts. Every report since the launch of HUSD can be viewed here.
Where and how to get HUSD
- The popular exchange Huobi
- On the decentralized exchange Uniswap
- On the website of the issuer for real USD (KYC required)
HUSD to Minter
HUSD on Minter is a wrapped HUSD of the ERC-20 format that has more advantages thanks to the nature of Minter.
On the Minter blockchain, the HUSD stablecoin has the ticker HUSDE and is fully backed by ERC-20 HUSD.
HUSDE tokens on Minter
HUSDE hot wallet —
HUSDE cold wallet —
HUSD tokens on Ethereum (supplying HUSDE on Minter)
HUSD hot wallet —
HUSD cold wallet —
To minimize fee expenses, wrapped tokens on Minter are released in packets (they won’t exactly be 1:1 accurate with the backing coins on Ethereum). But only the 100%-backed amount will be allowed to circulate on Minter, the rest will be on the hot and cold wallets, which are controlled with multisigs.
It doesn’t affect security and reliability, since minting and burning wrapped tokens on Ethereum is also managed by multisigs and they can be minted or burned at any moment upon reaching a required quantity of votes. In this case, Minter has an advantage over Ethereum as it doesn’t spend any money at all on fees.
The first packet of HUSD tokens on Minter consists of 10 000 000 000 HUSDE.
At the moment of writing, the cold wallet has 9 999 000 000 HUSDE.
Meanwhile, the hot wallet has 1 000 000 HUSDE
When users perform HUSD transfers from Ethereum to Minter, these tokens will be circulated and their amount will be calculated like this:
10 000 000 000 - *hot wallet total* - *cold wallet total* = *amount of HUSDE in circulation*
Liquidity pools with HUSDE
By clicking on a pair, you can see all the basic liquidity information, token price correlation, daily trade volume, daily fee amount received by liquidity providers, and the current APY — yearly profitability.
And on the page of the pair at Chainik, you can also track the price chart.
HUSD cross-chain transfer
You can learn about transferring HUSD and other tokens from Ethereum to Minter and back on our page about cross-chain transfers.
Advantages of HUSD on Minter
The advantages of having a wrapped HUSD, like other tokens on Minter, lie in the blockchain’s possibilities — first off, the transaction speed (less than 5 seconds) and low fees ($0.01 for a transfer and $0.03 + 0.2% for a conversion). You can learn about other advantages Minter has on a corresponding page in our database.
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