According to an audit report by an independent U.S. auditing firm, the actual issuance amount of the compliant stablecoin HUSD as of June 30 (Eastern Time) was fully backed 1:1 by U.S. dollar reserves held in bank custody, both totaling $114,905,850.54 (approximately $114.9 million). To date, the cumulative issuance of HUSD has exceeded $1.6 billion.
HUSD is a compliant stablecoin issued by Stable Universal on the Ethereum blockchain and pegged 1:1 to the U.S. dollar. It has been adopted in various use cases including digital asset trading, payments, and DeFi, and has become a popular emerging stablecoin due to its security, stability, and convenience.
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