Official Launch of the HUSD Stablecoin IRC 21 Token on IOST | Tutorial Inside

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IOST

5 min readJan 22, 2021

22 Jan 2021, upon completion of extensive, detailed, careful review and testing, the highly anticipated HUSD stablecoin IRC21 Token is officially integrated into IOST blockchain.

IOST users can now register an account at Stable Universal and deposit USD to obtain HUSD (HUSD-IRC21) on the IOST chain at a 1:1 ratio through cross-chain tools. Simultaneously, Huobi Global has also announced opening the deposit and withdrawal of HUSD-IRC21 for the IOST users.

Notes:

The IRC21 standard is a standard interface for self-deployed tokens on the IOST chain. The standard token deployed on IOST must be implemented through the system contract token.iost. In most cases, developers can directly create tokens through the token.iost contract, but if you want to create a token with custom functions, you must publish a customized IRC21 standard token contract.
Up to now, TokenPocket wallet, DAppBirds and Bitkeep wallet officially support HUSD.
iWallet has been updated to v0.2.7 and now supports IRC21 transfers and HUSD on the IOST chain. If you are an iWallet user, please update the extension to enable HUSD transfers.

To create a better trading experience, Huobi Global has announced the ‘0% Trading Fee on HUSD Zone’ promotion for 30 days starting today. This event will ease the process for purchasing HUSD, and helps users to access the IOST DeFi Ecosystem through this stablecoin.

The integration of HUSD will further enrich the staking, trading, lending, and other projects in the IOST DeFi Ecosystem, bringing users a faster and more efficient experience.

Below is the full tutorial to guide the users through the deposit, withdrawal, purchase, and exchange procedures of HUSD-IRC21 on the IOST chain.

A. How to purchase HUSD?

1. On Huobi Global

Currently, HUSD trading pairs have been listed on many platforms. However, Huobi Global has exclusive support for the deposit and withdrawal of HUSD-IRC21 at this stage.

On Huobi Global, search for [HUSD] trading pair on the homepage. The USDT/HUSD trading pair serves as an example of this guide.

2. On Stable Universal

IOST users may register an account on Stable Universal and complete KYC identity verification. After that, they will be available to purchase HUSD at a 1:1 ratio with USD.

For more details, please refer to the official post on How to Purchase HUSD.

B. How to withdraw HUSD?

1. From Huobi Global (Only to wallets that support IOST Tokens, such as TokenPocket):

On [My assets], search for [HUSD].
Click [Withdraw] and select [IOST Chain].
Enter your wallet address (account name), and before confirming the transaction, please make sure it supports IRC21 token transfers.

Note: During the first days, withdrawals may take more time than usual due to the cross-chain HUSD adjustment work.

2. From Stable Universal

Stable Universal users may directly exchange HUSD purchased with USD on the Stable Universal official website through the official HUSD Swap tool and send the cross-chain HUSD-IRC21 to a wallet that supports IRC21 IOST tokens.

For more details, please refer to the official post on HUSD Deposit/Withdraw.

C. How to Swap Cross-chain HUSD?

Please refer to the official post on How to swap HUSD across the IOST blockchain.

To celebrate the official launch of HUSD on the IOST chain, the popular liquidity mining projects on IOST — Xigua and WaxGourd have been approved by HUSD and will open the HUSD mining pool soon with exciting events, so stay tuned.

HUSD Stablecoin- Top 10 Stablecoins By Market Cap

Issued by fintech company Stable Universal, HUSD is a safe and secure stablecoin pegged one-to-one to the U.S. dollar. An independent U.S. audit firm conducts monthly attestations of the HUSD Token, and the attestation report is available for public viewing on stcoins.com. Stable Universal is dedicated to making HUSD stable, secure, and safe for our customers.

Combining the stability of the U.S. dollar with the efficiency of blockchain technology, HUSD offers IOST users access to a safe, secure, and convenient asset for remittance, commerce, payments, trading, and many other use cases.

As announced on Medium, Bitcoin.com, Cointelegraph, and HUSD official sources. IOST is one of the first batch of public blockchains to support HUSD stablecoin & the second blockchain outside Ethereum to complete the technical deployment.

IOST users are now able to deposit U.S. dollars in their account and receive HUSD at a one-to-one ratio sent to their preferred crypto wallets.

Join IOST Community!

Supported by Sequoia, Matrix, ZhenFund, and other major investors, IOST is an enterprise-level blockchain platform developed for online service providers.

The IOST project team is currently mainly composed of R&D personnel focusing on blockchain distributed technology. The team is formed by experienced blockchain industry experts who have graduated from world top universities such as Princeton, Stanford, MIT, Tsinghua University, and Beijing University.

With a two-year-old mainnet, IOST has swiftly risen to become a world-leading public chain renowned for its numerous government collaborations and enterprise partnerships around the world. IOST is one of the Big Four public chains with a rich user base and real applicability alongside Ethereum, EOS, and TRON. 500,000 community members, over 20 countries worldwide, over 400 nodes, top staking economy, and growing.

IOST’s Node Program is widely praised as the globally leading staking program by numerous blockchain research institutions with attractive returns, low risk, and ease of use are some of the key program highlights. To learn more and participate in one of the world’s top staking program, please visit here.

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