HUSD

HUSD

HUSD is a stablecoin released on Ethereum as an ERC20 token by Stable Universal and supplied by USD 1:1, which are located on the accounts of the trust company.

To guarantee HUSD is fully supplied by USD, an independent accountant company in the USA completes monthly HUSD audits to make sure all roaming HUSD tokens correlate with the amount of USD on the reserve USA bank accounts. Every report since the launch of HUSD can be viewed here.

Где и как получить 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 ERC20 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 supplied by ERC20 HUSD.

HUSDE tokens on Minter

HUSDE hot wallet — Mx68f4839d7f32831b9234f9575f3b95e1afe21a56 HUSDE cold wallet — Mx7072558b2b91e62dbed78e9a3453e5c9e01fec5e

HUSD tokens on Ethereum (supplying HUSDE on Minter) HUSD hot wallet — 0xC735478EF7562ecc37662FC7c5e521eb835F9Dab HUSD cold wallet — 0x58BD8047F441B9D511aEE9c581aEb1caB4FE0b6

To minimize fee expenses, on Minter wrapped tokens are released in packets (they won’t exactly be 1:1 accurate with the supplying coins on Ethereum). But only the 100% supplied amount will be allowed to roam on Minter, the rest will be on the hot wallet and the cold wallet, 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 amount of votes. In this case Minter has an advantage over Ethereum as it doesn’t spend any money at all on fees.

Example

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.

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Meanwhile the hot wallet has 1 000 000 HUSDE

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When users are performing HUSD transfers from Ethereum to Minter, these tokens will be roaming and their amount will be calculated like so:

10 000 000 000 - *hot wallet total* - *cold wallet total* = *amount of roaming HUSDE*

The total HUSD sum of the wallet balances (hot wallet + cold wallet) will be exactly the amount roaming on Minter.

Liquidity pools with HUSDE

You can view existing liquidity pools in a pair with HUSDE on a Minter Explorer page or at Chainik.

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.

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And on the page of the pair at Chainik you can also track the price change graph.

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HUSD cross-chain transfer

You can learn about transferring HUSD and other tokens from Ethereum to Minter and back at 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 the low fees ($0.01 for a transfer and $0.03 + 0.2% for a conversion). You can learn about other advantages Minter has at a corresponding page on our database.

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