PRESS RELEASE. IOST, A decentralized and ultra-fast network for companies that is equipped with the Proof-of-Believability consensus algorithm, integrates the HUSD stablecoin after a announcement on January 13, 2021.
HUSD is a secure dollar-pegged stablecoin issued by Stable Universal Limited. In particular, IOST is the first batch of public blockchains to support HUSD. To celebrate this milestone, the two companies are giving away HUSD 35,000 exclusively to IOST users.
The announcement underscores the integration of HUSD as an important milestone for IOST to expand its growing influence on the DeFi scene.
About HUSD stablecoin
Issued by the fintech company Stable Universal, HUSD is a secure stable coin that is pegged 1: 1 to the US dollar. Combining the stability of the US dollar with the efficiency of blockchain technology, HUSD provides IOST users with access to a secure and convenient asset for wire transfers, trading, payments, trading and many other use cases.
The integration of HUSD into the IOST blockchain is in the final phase of its completion. After completing the process, IOST users will be able to deposit US dollars into their account and receive 1: 1 HUSD which will be sent to their preferred crypto wallets.
Terry Wang, CTO & Co-Founder of IOST Highlights:
“Stablecoin is a key to unlocking a multitude of opportunities in the focus and growth area of DeFi-IOST in 2020 and in the coming year 2021. IOST’s innovative and developer-friendly technology that enables high scalability, fast transaction speed and no transaction fees makes it a perfect choice for DeFi developers and users. We look forward to exploring the limitless opportunities that arise from this collaboration with the partnership and continue to make IOST a home for DeFi. ”
Frank Zhang, CEO of Stable Universal, said:
“It’s a great start to the new year to announce that HUSD will soon be supported in the IOST ecosystem, as greater cross-chain interoperability means greater accessibility for users across a variety of platforms and protocols tailored to their trading needs . We look forward to more developers and communities continuing to explore the use cases for stablecoin and blockchain technology in general. “
HUSD stablecoin will play an important role in IOST’s DeFi use cases as a payment token, store of value and bridge between fiat currencies and cryptocurrencies. HUSD will also help to minimize the price volatility often associated with trading cryptocurrencies, enable individual users and institutional investors to easily set up and process IOST blockchain, and participate in new liquidity pools for future decentralized exchanges on IOST.
IOST – The next home for DeFi
For DeFi-dApps to be able to compete satisfactorily with conventional applications, the underlying network must be fast and perfectly match the goal of the dApp starter. In the middle of the competition, IOST – a decentralized and ultra-fast network for companies with the Proof-of-Believability consensus algorithm – is building a robust portfolio by offering developer-friendly functions and environments.
The IOST platform was born in response to the scalability problem that should be addressed once and for all. To do this, it implements a number of technologies, including the Proof-of-Believability algorithm and high-performance virtual machine technology, all of which are said to offer higher TPS rates of up to 8000 transactions per second.
In early 2019, IOST began building a holistic DeFi ecosystem and made further progress in the emerging DeFi area with several strategic partnerships and emerging on-chain projects consisting of stable coins, decentralized exchanges and cross-chain transactions. Loans, Financial Derivatives, Forecasts and More.
IOST offers developer-friendly features that improve the efficiency of product development. No congestion and no high gas fees as seen in Ethereum, the reason why many developers choose to start DeFi projects on IOST. A zero transaction fee also guarantees users the convenience and accessibility of using DeFi applications in the IOST chain.
IOST has also formed several partnerships and recently one $ 1 million DeFi Fund for the development of the DeFi ecosystem.
To learn more about IOST, visit website and Middle side More information on the blockchain project.
About HUSD
HUSD is issued by Stable Universal and is pegged 1: 1 to the US dollar. Each HUSD issued is backed by a corresponding US dollar held in a US trust company. An independent US accounting firm performs monthly certification of the HUSD token. The attestation report can be viewed publicly on stcoins.com. Stable Universal aims to make HUSD stable, safe and secure for our customers.
About IOST
Backed by Sequoia, Matrix, ZhenFund and other major investors, IOST is an enterprise-level blockchain platform designed for online service providers.
The IOST project team currently consists mainly of research and development staff with a focus on blockchain distributed technology. The team consists of experts in the blockchain industry who have studied at the world’s leading universities such as Princeton, Stanford, MIT, Tsinghua University and Beijing University and have more than three years of experience in blockchain research.
With a two-year-old mainnet, IOST has quickly developed into a leading global public chain known for its numerous government collaborations and corporate partnerships around the world. IOST is one of the four major public chains alongside Ethereum, EOS and TRON with a rich user base and real applicability. 500,000 community members, over 20 countries worldwide, over 400 nodes, world class economy and growth.
If you want to discuss chat, social media or product development with the IOST community, there is something for everyone:
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