The audit report from an independent U.S. auditing firm shows that, as of June 30 (Eastern Time), the actual issuance amount of the compliant stablecoin HUSD was fully backed 1:1 by U.S. dollar reserves held in bank custody, both standing at $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, pegged 1:1 to the U.S. dollar. It has already been adopted in various use cases such as digital asset trading, payments, and DeFi, and has become a popular emerging stablecoin due to its security, stability, and convenience.
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