Review on HUSD by Özgün A
Can HUSD, USDT compete?
HUSD Coin is created to make the US dollar safer and more available by combining with the efficiency of blockchain technology.
HUSD signed a cooperation agreement with Stable Universal.
HUSD is indexed to dollars at a ratio of 1: 1. In other words, it is not affected by price waves. It is user friendly.
HUSD users will be able to own any of Gemini dollar, Paxos, USDcoin and TUSD coins. So I mean having any of them; HUSD users will have a value equal to the value of these coins.
The HUSD coin does not have any blockchain infrastructure.
Stable coins that oppose USDT are increasing day by day. The throne of USDT, which was previously a monopoly in the market, is now shaking. One of the ones shaking this is HUSD. Let's see what the next days will show.
Pros
- Stable against price fluctuations
- Easy to trade with HUSD
Cons
- Transactions made cannot be undone
- Competing with USDT may hinder its growth
