Share this article

Cash-Backed HUSD Stablecoin Loses Peg, Drops to 92 Cents

The stablecoin is trading as low as 89 cents against USDC on Curve Finance.

Updated May 11, 2023, 5:09 p.m. Published Aug 18, 2022, 8:58 a.m.
HUSD has dropped below its 1:1 peg to the U.S. dollar. (Josh Appel/Unsplash)
HUSD has dropped below its 1:1 peg to the U.S. dollar. (Josh Appel/Unsplash)