PRESS RELEASE. IOST, an enterprise-grade, decentralized and ultra-fast network oiled with the Proof-of Believability consensus algorithm, the HUSD integrates stablecoin, according to one Announcement on January 13, 2021.
HUSD is a safe and secure dollar-linked stablecoin issued by Stable Universal Limited. Specifically, IOST is the first batch of public blockchains to support HUSD. To celebrate this milestone, the two companies are giving away 35,000 HUSD exclusively for IOST users.
The announcement highlights the integration of HUSD as an important milestone for IOST to build its growing influence in the DeFi scene.
About HUSD Stablecoin
HUSD, issued by fintech company Stable Universal, is a secure stablecoin pegged 1: 1 to the US dollar. Combining the stability of the US dollar with the efficiency of blockchain technology, HUSD IOST provides users with access to a safe, secure, and convenient asset for money transfers, commerce, payments, trading and many other use cases.
The integration of HUSD on the IOST blockchain is in the final stages of completion. Once completed, IOST users can deposit US dollars into their account and receive HUSD at a ratio of 1: 1 sent to their favorite crypto wallets.
Terry Wang, CTO and Co-Founder of IOST Highlights:
“Stablecoin is a key to unlocking a plethora of opportunities in the focus and growth area of DeFi-IOST in 2020 and the next 2021. IOST’s innovative and developer-friendly technology that enables high scalability, fast transaction speed and zero transaction fees. it’s a perfect choice for DeFi developers and users alike. We are delighted to explore the limitless possibilities that have come from this partnership with us and to continue making IOST a home for DeFi ”
Frank Zhang, CEO of Stable Universal, said:
“It is a great start to the new year to announce that HUSD will soon be supported in the IOST ecosystem as greater interoperability across the chains means better accessibility for users across a wide variety of platforms and protocols designed to meet meet their trading needs. We look forward to seeing more developers and communities as they continue 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, a store of value, and a bridge between fiat currencies and cryptocurrencies. HUSD will also help minimize the price volatility often associated with cryptocurrency trading, enable individual users and institutional investors to easily build and transact on IOST blockchain, and participate in new liquidity pools for future decentralized exchanges on IOST.
IOST- The Next Home for DeFi
In order for DeFi dApps to compete satisfactorily with traditional applications, the underlying network must be fast and perfectly aligned with the purpose of the dApp launchers. In the middle of the competition, IOST – an enterprise-grade, decentralized and ultra-fast network oiled with the Proof of Believability consensus algorithm – builds a robust portfolio by offering developer-friendly features and environments.
The IOST platform was created in response to the scalability problem it seeks to address once and for all. To this end, it implements a range of technologies, including the Proof-of-Believability algorithm and high-performance virtual machine technology, all of which should provide faster TPS speeds of up to 8000 transactions per second.
As early as early 2019, IOST has started to establish a holistic DeFi ecosystem and continued to grow in the burgeoning DeFi space with multiple strategic partnerships and emerging on-chain projects of stable coins, decentralized exchanges, cross-chain transactions, lending, financial derivatives, forecasting and more.
IOST provides developer-friendly features that improve product development efficiency. No congestion and no high gas costs as seen in Ethereum, the reason why many developers choose to launch 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 started multiple partnerships and recently launched one $ 1 million DeFi fund for the development of the DeFi ecosystem.
HUSD is issued by Stable Universal and 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 U.S. audit firm conducts monthly certificates of the HUSD token, and the attestation report is available for public inspection at stcoins.com. Stable Universal is committed to making HUSD stable, safe and secure for our customers.
Backed by Sequoia, Matrix, ZhenFund and other large investors, IOST is an enterprise-level blockchain platform developed for online service providers.
The IOST project team currently consists mainly of R&D personnel focusing on blockchain distributed technology. The team is made up of blockchain industry experts who are graduates of world top universities such as Princeton, Stanford, MIT, Tsinghua University and Beijing University and who have more than three years of experience in blockchain-related research.
With a two-year-old mainnet, IOST has rapidly grown into a world-leading public chain known for its numerous government collaborations and business partnerships around the world. IOST is one of the Big Four public chains with a rich user base and real applicability alongside Ethereum, EOSand TRON. 500,000 community members, more than 20 countries worldwide, more than 400 nodes, the best economy and growth.
If you want to hang out with the IOST community via chat, social media or to discuss product development, there is something for everyone:
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