What is HUSD?
HUSD is a secure, reliable, stable fiat-backed coin. It combines the stability of the U.S. dollar with the efficiency of blockchain technology. In addition, it provides holders with a tool to reduce volatility when trading in the cryptocurrency market. When designing the project, the development team focused on security, liquidity and convenience. HUSD was created to provide price stability to attract a serious audience in cryptocurrency trading and simplify interaction with global markets.
HUSD is issued as an ERC-20 token on the Ethereum blockchain and is secured at a 1:1 ratio to U.S. dollars held in U.S. bank accounts. The HUSD token is held in reserve by the Paxos trust company. This measure is necessary for regulatory oversight and support. Each month, a leading U.S. accounting firm conducts tests to make sure the U.S. dollar reserves match the HUSD holdings.
HUSD Website 
