Issues with Current Stablecoins and Solutions
Transparency and Trust Issues
USDH is backed by Huione’s real assets, with regular third-party audit reports to ensure that reserves align with circulation, strengthening user confidence. Additionally, USDH meets compliance standards set by major global regulators, offering enhanced asset transparency and regulatory compliance compared to other stablecoins.
Centralization Risks
USDH maintains a strict separation between asset custody and operational accounts, ensuring that reserve assets remain safeguarded even if issues occur with the custodian. Its “unfreezable” mechanism guarantees user funds are always accessible, eliminating the risk of account freezes caused by centralized control.
Transaction Fees and Efficiency
USDH operates across multiple chains, including ETH, TRON, BSC, and SOL, providing low-cost transactions. HuioneChain further boosts cross-chain transaction efficiency, ensuring that transactions remain fast and affordable, 6 even during network congestion.
Volatility and Redemption Issues
USDH maintains a 1:1 peg to the dollar, allowing users to redeem it at a 1:0.97 rate for USD or USDT, ensuring price stability. With multiple official redemption channels, USDH enables users to redeem directly, minimizing reliance on third-party exchanges and reducing both delays and fees.
Risks in DeFi
USDH utilizes rigorously audited smart contracts to ensure security across DeFi platforms. It is broadly integrated across multiple blockchains and DeFi platforms, supporting diverse financial services like lending and liquidity mining, thereby enhancing the reach and versatility of decentralized applications.
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