HUSD is an integrated solution targeted at multiple stable coins, it helps to:
- eliminate the need to choose between multiple stable coins;
- saving costs when switching between stable coins.
When you deposit any kind of stable coins, they will be shown as HUSD in your account. You may withdraw any kind of stable coin; when the amount of a particular stable coin is not sufficient in your account balance, you may withdraw other stable coins in which you have excess balances in.
For example, when you deposit 1 PAX, it will show as 1 HUSD in your account, and you can withdraw 1 TUSD (not considering transaction fees on the blockchain).
Currently, the HUSD solution supports four kinds of the stable coin: Paxos Standard（PAX），True USD（TUSD），USD Coin（USDC）and Gemini Dollars（GUSD）We will keep a close watch on new stable coins that appear on the market and optimize the HUSD standards. We look forward to more stable coins being involved in the HUSD system. Concurrently, we will evaluate the existing stable coins in the HUSD system on a real-time basis, if the stable coin doesn’t meet the corresponding risk control standard, we will remove it off from the HUSD system.