Post by: newshunter on August 22, 2022, 07:05:26 AM
The HUSD team explained that the depeg was caused as they closed market maker accounts in some regions to comply with regulations.
Source: Huobi explains what went wrong with HUSD after stablecoin is back on track (https://cointelegraph.com/news/huobi-explains-what-went-wrong-with-husd-after-stablecoin-is-back-on-track)
Would appreciate your opinion about this