Here comes my new proposal for adding new U.S. dollar stablecoin for DMM protocol.
As an asian trader, I propose HUSD is a good choice to be added to DMM protocol and mHUSD can be supported as well.
Here is the information about HUSD I have collected:
HUSD is issued by Stable Universal limited, a company registered on BVI. HUSD can be traded on Huobi Global (and some other Huobi sites, like Huobi Argentina etc.), HBTC.COM, HOO.COM and some other CEXs.
For defi perspective, HUSD has been supported by tokenlon, kyber network and uniswap (added in default list). HUSD has passed the MakerDAO collectral voting, and has been supported by Bidao protocol.
Things To Discuss
Any problems, risks, concerns to add HUSD
The initial debt celiling of HUSD
Official Website: https://www.stcoins.com/
Data of HUSD
Stablecoin Ranking: #7
Circulating Marketcap: 132 million Accumulated issuance: 2 billion
Trading Volume (24 hours): $ 20 million