Huobi Activates USD Fiat Gateway on 5th August

Dear Huobi Community,

Huobi has opened deposits and withdrawals for USD through our partners Stable Universal and Paxos Trust. You are now able to deposit USD with our partners via bank transfers e.g. SWIFT and trade at Huobi anytime.

Once USD is deposited, you will be able to buy and sell cryptocurrencies with fiat balance on our Quick Buy/Sell page.

How to buy cryptocurrencies with USD balance on Quick Buy/Sell page?
On Quick Buy/Sell page(Link), when you choose to buy or sell cryptocurrencies with USD balance, you will get a real-time price and you can execute the trades instantly. You can purchase BTC / ETH / USDT and other major cryptocurrencies at any time on Quick Buy/Sell page.

What is Stable Universal?
Stable Universal Limited is a technology startup venture that offers the U.S. dollar-backed stablecoin HUSD Token (HUSD). Combining the features of the US dollar with the efficiency of block chain technology, HUSD is backed in a 1:1 ratio to the US dollar held in a U.S trust company. An independent U.S audit firm conducts monthly attestations of the HUSD Token, and the attestation report is available for public viewing on their website: stcoins.com.

What is Paxos Trust?
Paxos is a New York-regulated financial institution on a mission to create a global, frictionless economy. By building infrastructure to enable the movement between physical and digital assets, Paxos is creating a future where all assets—from money to commodities to securities—are digitized and can move instantaneously, 24/7.

Huobi Global
August 5, 2020

* This USD deposit/withdrawal service may not be offered in the United States of America and People’s Republic of China (“PRC”) or to US Persons and PRC Persons.

* The actual assets held in your account are HUSDS rather than USDS,and you can withdraw any and all HUSDS at any time and redeem such HUSDS to USDS through stcoins at1:1 ratio.