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LUIS RIVERO R photo
Venezuela
1 Level
1191 Review
4270.25 Karma

Review on HUSD by LUIS RIVERO R

Revainrating 1 out of 5

Stable token backed by a trust in the USA, audited by third parties.

Stable token 1 to 1 equivalent to US dollar, the support of this asset is found in a USA account under a fiduciary company, the support of each asset is independently verified by a company designed for this type of audits.
Regarding the chain where it is available, we can verify that it is an Erc-20 token in the etherium network, so any user can use HUSD in almost any purse compatible with Etherium.
In general this is another stable digital asset its only problem is that it is available in a limited number of exchanges and some users in certain countries cannot trade directly with HUSD due to trade restrictions.

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Pros
  • Full compatibility with ERC-20 ether wallets.
  • Monthly audits by an external firm.
  • This token has no market volatility issues.
Cons
  • This asset is not popular with stable currencies.
  • It is listed in a few exchanges with a really low volume.
  • To buy directly on the development page it is necessary to verify the identity.