Huobi is planning to launch its own stablecoin this year, – it is spoken in the press release on January 22.
During a presentation in Singapore, Huobi’s CFO said that the company plans to upgrade its tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details platform and continue its international expansion.
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"2018 has brought us huge problems, but I personally look at the cryptocurrency market with optimism. I think we will see that things will get better this year", said CFO Chris Lee, adding: "This year will be important for stable coins. Probably, the Huobi Group will launch its own stable coin in the first half of 2019."
Plans and achievements of the Exchange
Like many other major exchanges, Huobi has already adopted a practical approach to stable coins. Only in October, the platform demonstrated support for four stablecoin assets supported by US dollars, and also launched its own "stable currency solution" that combines all four.
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Despite reports of employee layoffs in early December, Huobi says it will continue to move into new markets, such as the newly opened Huiobi Japan platform.
Huobi Global currently occupies the sixth place among cryptocurrency exchanges for daily trading volumes.
Editor: Pereyidenko Ihor