News/HUSD: Short-term Liquidity Issues Due to Closure of Some Market Maker Accounts Now Resolved

HUSD: Short-term Liquidity Issues Due to Closure of Some Market Maker Accounts Now Resolved

Aug 19,2022,10:13
HUSD tweeted that it recently decided to close several accounts in specific regions to comply with legal requirements, including some market maker accounts. Due to the time difference in banking hours, this resulted in a short-term liquidity problem but has since been resolved. Previously, HUSD fell to $0.87 at one point. Huobi said it is aware of the $HUSD liquidity issue and will discuss and resolve it with the issuer Stable Universal Limited.
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