NEXO integrates HUSD onto its platform

Nexo, the regulated financial institution for digital assets, now offers its users access to HUSD as it integrates the stablecoin on its platform. Stablecoins are cryptocurrencies pegged to another asset to minimise price volatility.

HUSD is a stablecoin issued by Stable Universal and pegged 1:1 to the US dollar (USD). Launched in 2019 and built on the 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 and 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 enables NEXO Token holders to trade against the biggest stablecoin by market capitalisation. 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.  

Huobi and Stable Universal’s partnership is grounded in their shared dedication to create 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.