London, September 17, 2020 — Nexo, the leading regulated digital assets institution, now offers its users access to HUSD as it integrates the stablecoin on its platform. This comes after Nexo’s long-term collaboration with Huobi, which started in March 2019 and recently saw the exchange list NEXO Token and USDT as an official trading pair on Huobi Global.
HUSD is a stablecoin issued by Stable Universal Limited and pegged 1:1 to the US Dollar. Launched in 2019 and built on the mature Ethereum network, HUSD is supported by a number of applications in cryptocurrency trading, digital payments and the Decentralised Finance (DeFi) industry.
“The HUSD integration on Nexo solidifies our partnership with Huobi and Stable Universal as they offer incontestable benefits to both our communities. For the very first time, HUSD holders can earn interest on and use HUSD as a collateral and a repayment option for their fiat loans. This is a great opportunity to gain exposure to the growing Huobi & HUSD ecosystem and further tap into the experienced Asian cryptocurrency market,” said Antoni Trenchev, Co-founder and Managing Partner of Nexo.
"We are very excited by the support for HUSD from the Nexo team and community. The fast-moving demand for USD-backed stablecoins is reflected by HUSD being made available on key industry platforms like Nexo. We have high hopes for the great things to come both for this integration and for the stablecoin community at large," said Frank Zhang, CEO of Stable Universal, the issuer of HUSD.
The HUSD integration comes on the heels of the listing of NEXO/USDT as a currency pair on Huobi Global, which provides NEXO Token holders the option to trade against the biggest stablecoin by market capitalization. This trading option opens a quick and convenient on-ramp from stablecoins to NEXO Tokens, making it easier for users to get NEXO and to qualify for NEXO Staking Bonuses.
Nexo, Huobi and Stable Universal’s partnership is grounded in their shared dedication to creating a safe and sustainable digital assets space, as reflected in their military-grade security, top-tier insurance, and collaborations with some of the industry’s most trusted players, such as Paxos.
Nexo is the world's leading regulated digital assets institution for digital assets. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products, ‘Send & Pay’, and sophisticated trading and OTC capabilities, while providing the $100 million custodial insurance and military-grade security of the Nexo platform. Nexo has processed $3+ billion for 800,000+ users across more than 200 jurisdictions.
Official website: https://nexo.com
About 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 our website: https://www.stcoins.com
Huobi is the world's leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by liquidity and real-trading volume. Trusted by users over 170 countries, the Huobi platform is dedicated to improving the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, cryptocurrency finance infrastructure solutions, education, data and research, social welfare, investment and incubation, and many more. For more information, visit https://blog.hbg.com